Sei Investments Co. Sells 31,456 Shares of Dynatrace, Inc. (NYSE:DT)

Sei Investments Co. decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 820,165 shares of the company's stock after selling 31,456 shares during the quarter. Sei Investments Co. owned approximately 0.27% of Dynatrace worth $44,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Dynatrace by 10.2% during the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after purchasing an additional 700,332 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Dynatrace in the 4th quarter worth approximately $2,519,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after acquiring an additional 253 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth $405,000. Finally, Vinva Investment Management Ltd purchased a new position in Dynatrace in the fourth quarter valued at approximately $373,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DT. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. DA Davidson set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Finally, Wells Fargo & Company set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.35.

Remove Ads

Dynatrace Stock Down 1.3 %

Shares of NYSE DT traded down $0.63 during midday trading on Friday, hitting $48.39. 3,052,540 shares of the company's stock were exchanged, compared to its average volume of 3,210,414. The firm has a market capitalization of $14.48 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company's 50 day moving average price is $55.57 and its 200 day moving average price is $54.42.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $152,200.00. Following the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by insiders.

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.