Cinctive Capital Management LP Sells 115,374 Shares of Dynatrace, Inc. (NYSE:DT)

Cinctive Capital Management LP reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 37.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 191,298 shares of the company’s stock after selling 115,374 shares during the quarter. Cinctive Capital Management LP’s holdings in Dynatrace were worth $10,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DT. Retirement Systems of Alabama lifted its holdings in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the period. Synovus Financial Corp grew its stake in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the last quarter. QRG Capital Management Inc. raised 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 acquiring an additional 9,251 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Dynatrace in the fourth quarter valued at approximately $842,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $47.90 on Wednesday. The stock has a market capitalization of $14.34 billion, a P/E ratio of 29.94, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The stock’s 50-day simple moving average is $55.33 and its 200 day simple moving average is $54.41.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DT shares. Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada raised 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. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Barclays increased their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 over the last quarter. Company insiders own 0.59% of the company’s stock.

Dynatrace 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.