Korea Investment CORP decreased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,549 shares of the company's stock after selling 147,720 shares during the period. Korea Investment CORP owned 0.08% of Dynatrace worth $12,367,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Dynatrace by 291.2% in the 3rd quarter. Cerity Partners LLC now owns 19,478 shares of the company's stock worth $1,041,000 after buying an additional 14,499 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Dynatrace by 40.9% in the third quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company's stock worth $12,410,000 after acquiring an additional 67,380 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Dynatrace by 12.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,924 shares of the company's stock valued at $477,000 after acquiring an additional 973 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Dynatrace by 26.6% during the 3rd quarter. Townsquare Capital LLC now owns 49,839 shares of the company's stock valued at $2,665,000 after purchasing an additional 10,460 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Dynatrace in the 3rd quarter worth approximately $327,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Dynatrace Stock Performance
Shares of Dynatrace stock traded down $1.70 during trading on Thursday, hitting $46.67. 1,121,281 shares of the stock traded hands, compared to its average volume of 3,211,393. The stock has a market cap of $13.97 billion, a P/E ratio of 29.17, a PEG ratio of 7.05 and a beta of 1.12. The company has a fifty day moving average price of $55.21 and a two-hundred day moving average price of $54.37. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Wedbush reissued an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Jefferies Financial Group cut their target price on Dynatrace from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday. Robert W. Baird set a $65.00 target price on Dynatrace in a report on Friday, January 31st. Finally, Scotiabank lifted their price target on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.35.
View Our Latest Stock Report on DT
Insider Activity at Dynatrace
In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.
About Dynatrace
(
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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