Lbp Am Sa Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

Lbp Am Sa trimmed its stake in Dynatrace, Inc. (NYSE:DT) by 6.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 123,417 shares of the company’s stock after selling 9,148 shares during the period. Lbp Am Sa’s holdings in Dynatrace were worth $6,708,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DT. Skandinaviska Enskilda Banken AB publ boosted its stake in Dynatrace by 1.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock worth $4,815,000 after purchasing an additional 1,000 shares during the period. Tredje AP fonden boosted its stake in Dynatrace by 4.1% during the 4th quarter. Tredje AP fonden now owns 177,459 shares of the company’s stock worth $9,645,000 after purchasing an additional 6,965 shares during the period. Vestcor Inc boosted its stake in Dynatrace by 36.6% during the 4th quarter. Vestcor Inc now owns 74,651 shares of the company’s stock worth $4,057,000 after purchasing an additional 20,000 shares during the period. Avantax Advisory Services Inc. boosted its stake in Dynatrace by 5.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,382 shares of the company’s stock worth $782,000 after purchasing an additional 720 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Dynatrace during the 4th quarter worth $43,760,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DT shares. UBS Group increased their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Truist Financial raised their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, DA Davidson set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insider Buying and Selling at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by corporate insiders.

Dynatrace Trading Up 2.4 %

NYSE:DT opened at $48.45 on Friday. The firm has a 50-day moving average price of $55.85 and a two-hundred day moving average price of $54.42. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a market capitalization of $14.50 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.