Dynatrace, Inc. (NYSE:DT) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC cut its stake in Dynatrace, Inc. (NYSE:DT) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 181,019 shares of the company’s stock after selling 7,458 shares during the period. Trillium Asset Management LLC’s holdings in Dynatrace were worth $9,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares during the last quarter. Virtue Capital Management LLC increased its position in shares of Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Atria Investments Inc increased its position in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Down 2.4 %

DT stock opened at $49.19 on Wednesday. The business has a 50 day moving average price of $55.73 and a 200 day moving average price of $54.47. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Insider Buying and Selling

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’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 sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32 % 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 90 days. 0.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Morgan Stanley raised their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Finally, UBS Group lifted 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. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.35.

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.