Washington Harbour Partners LP Sells 15,100 Shares of Dynatrace, Inc. (NYSE:DT)

Washington Harbour Partners LP cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,500 shares of the company's stock after selling 15,100 shares during the quarter. Dynatrace comprises about 3.8% of Washington Harbour Partners LP's holdings, making the stock its 11th largest position. Washington Harbour Partners LP's holdings in Dynatrace were worth $2,112,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DT. Cetera Investment Advisers increased its position in shares of Dynatrace by 385.9% in the first quarter. Cetera Investment Advisers now owns 40,685 shares of the company's stock worth $1,889,000 after purchasing an additional 32,312 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Dynatrace by 88.7% during the 1st quarter. Cetera Advisors LLC now owns 7,336 shares of the company's stock valued at $341,000 after buying an additional 3,448 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Dynatrace by 3.8% during the second quarter. Park Avenue Securities LLC now owns 24,088 shares of the company's stock worth $1,078,000 after purchasing an additional 886 shares during the last quarter. CWM LLC increased its position in shares of Dynatrace by 30.4% during the 2nd quarter. CWM LLC now owns 2,357 shares of the company's stock valued at $105,000 after purchasing an additional 550 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Dynatrace by 2.7% during the 2nd quarter. QRG Capital Management Inc. now owns 38,670 shares of the company's stock valued at $1,730,000 after buying an additional 1,014 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of several research reports. Scotiabank upped their target price on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Friday. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an "outperform" rating and a $67.00 price target for the company. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $61.48.

Dynatrace Trading Down 0.5 %

Dynatrace stock traded down $0.32 during midday trading on Friday, hitting $58.31. The stock had a trading volume of 2,708,497 shares, compared to its average volume of 3,368,863. The firm's fifty day moving average is $54.27 and its two-hundred day moving average is $49.46. The company has a market capitalization of $17.40 billion, a PE ratio of 106.02, a P/E/G ratio of 8.37 and a beta of 1.01. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company's stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,000 shares of company stock worth $5,741,500. Corporate 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.