Wellington Management Group LLP Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

Wellington Management Group LLP cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 44.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,231,831 shares of the company's stock after selling 1,782,773 shares during the period. Wellington Management Group LLP owned 0.75% of Dynatrace worth $119,336,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Worldquant Millennium Advisors LLC boosted its holdings in shares of Dynatrace by 73.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 559,044 shares of the company's stock valued at $29,892,000 after buying an additional 237,442 shares in the last quarter. Two Sigma Advisers LP lifted its position in Dynatrace by 157.9% during the 3rd quarter. Two Sigma Advisers LP now owns 248,100 shares of the company's stock valued at $13,266,000 after acquiring an additional 151,900 shares during the period. Temasek Holdings Private Ltd boosted its stake in Dynatrace by 7.3% during the third quarter. Temasek Holdings Private Ltd now owns 855,903 shares of the company's stock worth $45,765,000 after acquiring an additional 58,139 shares in the last quarter. Sora Investors LLC purchased a new stake in Dynatrace in the third quarter worth about $8,471,000. Finally, State Street Corp increased its stake in shares of Dynatrace by 14.6% during the third 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 in the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DT. Scotiabank boosted their price target on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 target price on the stock. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Jefferies Financial Group lifted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Guggenheim increased their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average target price of $61.48.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company's stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company's stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,027 shares of company stock worth $5,743,084. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

Shares of DT traded down $0.49 during trading hours on Tuesday, hitting $56.93. The stock had a trading volume of 2,053,779 shares, compared to its average volume of 3,358,084. The firm has a 50-day moving average price of $54.45 and a 200 day moving average price of $49.62. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 105.27, a PEG ratio of 8.52 and a beta of 1.01.

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.