Invesco Ltd. cut its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 76.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 545,708 shares of the company's stock after selling 1,738,518 shares during the period. Invesco Ltd. owned about 0.18% of Dynatrace worth $29,659,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of DT. Smartleaf Asset Management LLC increased its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the 4th quarter worth $38,000. Nisa Investment Advisors LLC raised its holdings in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the period. Huntington National Bank raised its holdings in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after acquiring an additional 541 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Dynatrace Price Performance
Shares of DT traded up $2.16 during midday trading on Wednesday, hitting $45.06. The stock had a trading volume of 532,854 shares, compared to its average volume of 3,175,973. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock's 50 day moving average is $50.12 and its 200 day moving average is $53.32. The firm has a market cap of $13.49 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.
Wall Street Analyst Weigh In
Several research firms recently issued reports on DT. Stifel Nicolaus increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Finally, Loop Capital decreased their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.95.
View Our Latest Research Report on DT
Insider Buying and Selling
In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last ninety days. 0.59% of the stock is owned by company insiders.
About Dynatrace
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Free Report)
Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.
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