Legal & General Group Plc Has $54.87 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Legal & General Group Plc lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,009,642 shares of the company's stock after selling 383,120 shares during the period. Legal & General Group Plc owned 0.34% of Dynatrace worth $54,874,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after buying an additional 484,877 shares during the period. American Century Companies Inc. boosted its position in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after acquiring an additional 700,332 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Dynatrace by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after purchasing an additional 834,225 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after purchasing an additional 87,857 shares during the period. Finally, Norges Bank bought a new stake in shares of Dynatrace during the fourth quarter valued at about $192,284,000. Institutional investors own 94.28% of the company's stock.

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Dynatrace Price Performance

Dynatrace stock traded up $0.11 during trading hours on Tuesday, hitting $43.48. The company had a trading volume of 3,409,874 shares, compared to its average volume of 3,235,396. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a market capitalization of $13.02 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The firm's fifty day moving average is $52.31 and its 200-day moving average is $53.74.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 in the last ninety days. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DT. BMO Capital Markets reduced their price target on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Stifel Nicolaus increased their price target on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Scotiabank boosted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.35.

Dynatrace Profile

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.