Orion Portfolio Solutions LLC Lowers Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Orion Portfolio Solutions LLC trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 40.3% in the third quarter, HoldingsChannel.com reports. The fund owned 11,703 shares of the company’s stock after selling 7,897 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dynatrace were worth $626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DT. Eminence Capital LP purchased a new position in Dynatrace during the 2nd quarter valued at about $158,369,000. Holocene Advisors LP purchased a new position in Dynatrace during the 3rd quarter valued at about $126,592,000. State Street Corp boosted its holdings in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Marshall Wace LLP boosted its holdings in Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after acquiring an additional 1,029,387 shares during the period. Finally, Dorsal Capital Management LP boosted its holdings in Dynatrace by 118.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after acquiring an additional 950,000 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred 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 transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock valued at $3,168,084 over the last quarter. Company insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. BMO Capital Markets increased their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Dynatrace Stock Up 1.3 %

DT opened at $55.50 on Wednesday. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 100.91, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s 50 day moving average is $54.78 and its two-hundred day moving average is $50.02.

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.