Polen Capital Management LLC cut its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,021 shares of the company's stock after selling 9,770 shares during the quarter. Polen Capital Management LLC's holdings in Dynatrace were worth $1,577,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares in the last quarter. UMB Bank n.a. grew its holdings in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after buying an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Dynatrace by 173.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after buying an additional 911 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Dynatrace
In other news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of brokerages have commented on DT. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.35.
Check Out Our Latest Analysis on Dynatrace
Dynatrace Stock Up 0.2 %
Dynatrace stock traded up $0.11 during trading hours on Thursday, hitting $49.59. The stock had a trading volume of 2,006,020 shares, compared to its average volume of 3,138,642. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The business's 50 day simple moving average is $55.68 and its 200-day simple moving average is $54.44.
Dynatrace Profile
(
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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