William Blair Investment Management LLC reduced its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,862,487 shares of the company's stock after selling 135,803 shares during the quarter. Dynatrace accounts for about 0.6% of William Blair Investment Management LLC's investment portfolio, making the stock its 28th largest holding. William Blair Investment Management LLC owned about 1.62% of Dynatrace worth $264,276,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Retirement Systems of Alabama lifted its position in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after buying an additional 13,957 shares during the period. QRG Capital Management Inc. raised its position in Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after buying an additional 9,251 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Dynatrace in the 4th quarter valued at approximately $842,000. Institutional investors and hedge funds own 94.28% of the company's stock.
Analyst Upgrades and Downgrades
DT has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $63.35.
Read Our Latest Analysis on DT
Insider Activity
In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction 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 owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company's stock.
Dynatrace Stock Performance
Shares of NYSE DT traded up $0.22 during trading hours on Friday, hitting $49.85. 4,565,606 shares of the stock were exchanged, compared to its average volume of 3,147,557. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a market cap of $14.92 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The company's fifty day simple moving average is $55.63 and its two-hundred day simple moving average is $54.40.
About Dynatrace
(
Free Report)
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.
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