William Blair Investment Management LLC Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

William Blair Investment Management LLC reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,862,487 shares of the company’s stock after selling 135,803 shares during the quarter. Dynatrace makes up approximately 0.6% of William Blair Investment Management LLC’s investment portfolio, making the stock its 28th largest position. William Blair Investment Management LLC’s holdings in Dynatrace were worth $264,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new stake in shares of Dynatrace during the fourth quarter valued at $258,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Dynatrace by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 56,330 shares of the company’s stock valued at $3,062,000 after acquiring an additional 2,160 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Dynatrace in the fourth quarter valued at about $484,000. Natixis Advisors LLC raised its holdings in shares of Dynatrace by 15.0% in the fourth quarter. Natixis Advisors LLC now owns 211,739 shares of the company’s stock valued at $11,508,000 after acquiring an additional 27,616 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Dynatrace by 1.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock valued at $4,815,000 after acquiring an additional 1,000 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Up 2.4 %

Dynatrace stock opened at $48.45 on Monday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The stock’s 50 day simple moving average is $55.85 and its two-hundred day simple moving average is $54.48. The firm has a market cap of $14.50 billion, a PE ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group lifted their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $63.25.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’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 value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

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.