APG Asset Management US Inc. Sells 44,243 Shares of Dynatrace, Inc. (NYSE:DT)

APG Asset Management US Inc. trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 69.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,775 shares of the company’s stock after selling 44,243 shares during the period. APG Asset Management US Inc.’s holdings in Dynatrace were worth $1,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank increased its stake in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in 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 in the last quarter. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DT shares. Morgan Stanley upped their target price on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday. UBS Group increased their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.13.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the 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 completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last quarter. 0.59% of the stock is currently owned by insiders.

Dynatrace Price Performance

Shares of DT stock opened at $45.11 on Thursday. The stock has a market cap of $13.50 billion, a P/E ratio of 28.19, a P/E/G ratio of 7.05 and a beta of 1.05. The company has a fifty day moving average price of $53.29 and a two-hundred day moving average price of $53.93. Dynatrace, Inc. has a one year low of $39.30 and a one year 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.