Thrivent Financial for Lutherans Sells 33,697 Shares of Dynatrace, Inc. (NYSE:DT)

Thrivent Financial for Lutherans cut its holdings in Dynatrace, Inc. (NYSE:DT) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 348,250 shares of the company’s stock after selling 33,697 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of Dynatrace worth $18,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during 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 during the period. Versant Capital Management Inc boosted its position in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the period. Virtue Capital Management LLC grew its stake in shares of Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after buying an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after buying an additional 222 shares during the period. Finally, Atria Investments Inc lifted its stake 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 acquiring an additional 240 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DT has been the topic of a number of research analyst reports. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Truist Financial increased 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. Morgan Stanley upped their target price on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note 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. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by insiders.

Dynatrace Price Performance

Shares of DT opened at $49.85 on Friday. The firm has a market capitalization of $14.92 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The company’s fifty day moving average price is $55.61 and its 200-day moving average price is $54.40. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

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.