SG Americas Securities LLC Cuts Holdings in Dynatrace, Inc. (NYSE:DT)

SG Americas Securities LLC lowered its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 89.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,292 shares of the company's stock after selling 19,006 shares during the period. SG Americas Securities LLC's holdings in Dynatrace were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DT. Retirement Systems of Alabama boosted its stake in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Synovus Financial Corp boosted its stake in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after purchasing an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after buying an additional 9,444 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company's stock valued at $44,958,000 after buying an additional 52,000 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

DT has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. UBS Group increased their price target on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.74.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,459 shares of company stock worth $5,177,882 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $1.03 during trading on Friday, reaching $61.35. 2,887,772 shares of the stock traded hands, compared to its average volume of 3,757,139. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. The business has a fifty day simple moving average of $55.58 and a two-hundred day simple moving average of $53.19. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

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.