Thrivent Financial for Lutherans Sells 33,697 Shares of Dynatrace, Inc. (NYSE:DT)

Thrivent Financial for Lutherans reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,250 shares of the company's stock after selling 33,697 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of Dynatrace worth $18,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter worth about $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. boosted its position in Dynatrace by 75.3% in the fourth 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 increased its holdings in shares of Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock worth $78,000 after buying an additional 911 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. BMO Capital Markets lowered their target price on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Royal Bank of Canada increased their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. UBS Group increased their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Scotiabank boosted their price objective 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. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $63.35.

Dynatrace Stock Down 1.3 %

Shares of Dynatrace stock traded down $0.65 on Wednesday, hitting $50.53. The stock had a trading volume of 1,682,487 shares, compared to its average volume of 3,137,681. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business's 50 day moving average is $55.61 and its two-hundred day moving average is $54.48. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $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 available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business'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 completion of the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company 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.