Dynatrace, Inc. (NYSE:DT) Stake Cut by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,910 shares of the company's stock after selling 5,545 shares during the quarter. US Bancorp DE's holdings in Dynatrace were worth $2,604,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Geode Capital Management LLC boosted its holdings in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC grew its position in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock valued at $144,571,000 after purchasing an additional 648,808 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Dynatrace by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company's stock worth $141,930,000 after purchasing an additional 292,400 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

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Dynatrace Stock Performance

Shares of NYSE:DT traded down $3.45 during trading hours on Monday, hitting $48.76. 3,779,503 shares of the company's stock traded hands, compared to its average volume of 3,195,903. The company's fifty day simple moving average is $56.43 and its two-hundred day simple moving average is $54.53. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace 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 transaction, the director now owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DT. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities restated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group boosted their price target on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Truist Financial increased their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.

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.