Alliancebernstein L.P. Has $36.20 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Alliancebernstein L.P. grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 54.3% during the 4th quarter, Holdings Channel reports. The firm owned 666,041 shares of the company’s stock after buying an additional 234,410 shares during the period. Alliancebernstein L.P.’s holdings in Dynatrace were worth $36,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its position in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. UMB Bank n.a. increased its holdings in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the subject of several research analyst reports. Royal Bank of Canada lifted 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. UBS Group upped their target price on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Transactions at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were 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 directly owns 36,471 shares in the company, 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. Over the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 8.0 %

NYSE DT opened at $41.99 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The business’s fifty day moving average is $54.75 and its 200 day moving average is $54.26. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Dynatrace Company 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.