Wellington Management Group LLP Sells 1,589,910 Shares of Dynatrace, Inc. (NYSE:DT)

Wellington Management Group LLP lowered its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 641,921 shares of the company's stock after selling 1,589,910 shares during the quarter. Wellington Management Group LLP owned about 0.21% of Dynatrace worth $34,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DT. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the fourth quarter worth $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the period. UMB Bank n.a. increased its position in shares of Dynatrace by 75.3% in the 4th 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 raised its stake in Dynatrace by 173.2% during the 4th 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 during the period. 94.28% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on DT. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus boosted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group dropped their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.13.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.

Dynatrace Price Performance

NYSE DT traded down $0.34 on Friday, hitting $43.04. 3,207,357 shares of the stock were exchanged, compared to its average volume of 3,229,932. The company has a market capitalization of $12.88 billion, a PE ratio of 26.90, a P/E/G ratio of 7.05 and a beta of 1.05. The business's fifty day moving average is $52.65 and its 200 day moving average is $53.80. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

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.