US Bancorp DE Cuts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

US Bancorp DE decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,910 shares of the company’s stock after selling 5,545 shares during the quarter. US Bancorp DE’s holdings in Dynatrace were worth $2,604,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DT. Nisa Investment Advisors LLC lifted its position 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 during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Dynatrace during the third quarter valued at approximately $52,000. UMB Bank n.a. grew 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 worth $68,000 after purchasing an additional 541 shares during the period. First Horizon Advisors Inc. grew its stake in Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after purchasing an additional 527 shares during the period. Finally, Financial Life Planners purchased a new stake in Dynatrace in the fourth quarter worth $83,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DT. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $63.25.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by insiders.

Dynatrace Trading Down 4.5 %

DT opened at $53.62 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The stock has a market cap of $16.05 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business’s 50 day moving average is $56.48 and its 200-day moving average is $54.45.

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.