Dakota Wealth Management Sells 1,424 Shares of Dynatrace, Inc. (NYSE:DT)

Dakota Wealth Management reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,499 shares of the company’s stock after selling 1,424 shares during the period. Dakota Wealth Management’s holdings in Dynatrace were worth $625,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Retirement Systems of Alabama grew its stake in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC grew its position 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 increased its stake in shares of 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 acquiring an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after acquiring an additional 9,444 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Dynatrace during the third quarter worth $600,000. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by insiders.

Analyst Ratings Changes

DT has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Cantor Fitzgerald assumed coverage on Dynatrace in a report on Friday, January 17th. They set a “neutral” rating and a $58.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Finally, Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $61.68.

Dynatrace Trading Up 1.6 %

DT stock opened at $55.64 on Friday. The stock has a market cap of $16.61 billion, a P/E ratio of 101.16, a P/E/G ratio of 7.94 and a beta of 1.02. The stock’s fifty day simple moving average is $54.25 and its two-hundred day simple moving average is $51.47. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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.