Dynatrace, Inc. (NYSE:DT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Dynatrace, Inc. (NYSE:DT) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 553,493 shares of the company’s stock after selling 61,927 shares during the period. Blair William & Co. IL’s holdings in Dynatrace were worth $30,082,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Retirement Systems of Alabama increased its stake 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 buying an additional 64,999 shares during the period. Geode Capital Management LLC increased its stake in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. Synovus Financial Corp raised its holdings in 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 purchasing an additional 13,957 shares in the last quarter. QRG Capital Management Inc. boosted its holdings 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 purchasing an additional 9,251 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Dynatrace during the 4th quarter worth approximately $842,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the 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 sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DT shares. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Stifel Nicolaus upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Performance

DT stock opened at $49.02 on Friday. The stock has a market capitalization of $14.67 billion, a P/E ratio of 30.64, a PEG ratio of 7.05 and a beta of 1.12. The company has a 50 day moving average price of $55.57 and a two-hundred day moving average price of $54.42. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00.

About Dynatrace

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.