Janus Henderson Group PLC Sells 6,578 Shares of Dynatrace, Inc. (NYSE:DT)

by · The Cerbat Gem

Janus Henderson Group PLC trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,867,749 shares of the company’s stock after selling 6,578 shares during the period. Janus Henderson Group PLC owned about 2.97% of Dynatrace worth $474,159,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Atria Investments Inc boosted its position in Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after acquiring an additional 240 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after buying an additional 248 shares in the last quarter. Riverview Trust Co raised its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after purchasing an additional 266 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in Dynatrace by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock worth $480,000 after acquiring an additional 270 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 0.4 %

DT stock opened at $56.41 on Tuesday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The business’s 50-day moving average price is $53.82 and its 200-day moving average price is $49.20. The stock has a market cap of $16.84 billion, a P/E ratio of 102.56, a PEG ratio of 8.21 and a beta of 1.01.

Analysts Set New Price Targets

Several research firms have commented on DT. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. UBS Group began coverage on Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective on the stock. Loop Capital upped their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

Get Our Latest Analysis on DT

Dynatrace Profile

(Free Report)

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.

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