Marshall Wace LLP Trims Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Marshall Wace LLP trimmed its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,973 shares of the company's stock after selling 935,761 shares during the period. Marshall Wace LLP owned about 0.14% of Dynatrace worth $23,206,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in shares of Dynatrace by 14.4% in the 4th quarter. NewEdge Advisors LLC now owns 7,289 shares of the company's stock valued at $396,000 after purchasing an additional 916 shares during the last quarter. Jump Financial LLC bought a new stake in Dynatrace during the fourth quarter valued at $1,240,000. Bridgewater Associates LP grew its holdings in Dynatrace by 137.2% during the 4th quarter. Bridgewater Associates LP now owns 271,877 shares of the company's stock worth $14,777,000 after acquiring an additional 157,249 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Dynatrace in the 4th quarter worth about $709,000. Finally, Mariner LLC lifted its stake in shares of Dynatrace by 0.4% in the 4th quarter. Mariner LLC now owns 145,979 shares of the company's stock valued at $7,934,000 after purchasing an additional 637 shares during the period. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DT shares. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets dropped their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Jefferies Financial Group dropped their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.95.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were 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 of the company's stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value 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 approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last three months. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Up 2.6 %

DT stock traded up $1.12 during trading on Wednesday, reaching $44.02. The stock had a trading volume of 2,322,768 shares, compared to its average volume of 3,231,330. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company's 50 day moving average is $50.12 and its two-hundred day moving average is $53.32.

Dynatrace Company 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.