Dynatrace, Inc. (NYSE:DT) Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD cut its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,284 shares of the company's stock after selling 21,879 shares during the period. Dynatrace accounts for about 0.6% of TT International Asset Management LTD's holdings, making the stock its 22nd biggest position. TT International Asset Management LTD's holdings in Dynatrace were worth $3,765,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in shares of Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. RGM Capital LLC grew its position in Dynatrace by 12.8% in the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after buying an additional 494,028 shares during the last quarter. Eminence Capital LP acquired a new position in Dynatrace in the 2nd quarter valued at $158,369,000. Finally, Westfield Capital Management Co. LP raised its position in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock worth $144,571,000 after buying an additional 648,808 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

NYSE:DT traded down $0.10 on Monday, reaching $50.59. The stock had a trading volume of 2,505,328 shares, compared to its average volume of 2,691,243. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 91.98, a P/E/G ratio of 7.93 and a beta of 1.02. The firm's fifty day moving average is $54.63 and its two-hundred day moving average is $51.10.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DT shares. Barclays lifted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, December 6th. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on Dynatrace from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.59% of the company's stock.

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.