Norden Group LLC Lowers Stock Position in Dynatrace, Inc. (NYSE:DT)

Norden Group LLC reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,750 shares of the company’s stock after selling 715 shares during the period. Norden Group LLC’s holdings in Dynatrace were worth $747,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Dynatrace in the 3rd quarter worth approximately $52,000. UMB Bank n.a. lifted its holdings in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Dynatrace by 53.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after acquiring an additional 527 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’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 completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction on 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 sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,459 shares of company stock worth $10,052,682. 0.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Loop Capital lifted their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, DA Davidson set a $70.00 price objective on Dynatrace 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 company’s stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Stock Down 2.7 %

Shares of Dynatrace stock opened at $55.70 on Tuesday. The stock’s fifty day moving average is $56.48 and its two-hundred day moving average is $54.41. The company has a market capitalization of $16.67 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week 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.