Dynatrace, Inc. (NYSE:DT) Shares Sold by Lbp Am Sa

by · The Markets Daily

Lbp Am Sa cut its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,417 shares of the company’s stock after selling 9,148 shares during the quarter. Lbp Am Sa’s holdings in Dynatrace were worth $6,708,000 at the end of the most recent reporting period.

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

Dynatrace Stock Up 2.4 %

Dynatrace stock opened at $48.45 on Friday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The company’s 50 day moving average is $55.85 and its two-hundred day moving average is $54.42. The firm has a market cap of $14.50 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DA Davidson set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Scotiabank lifted their target price 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. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

View Our Latest Stock Analysis on Dynatrace

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Company 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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