Sei Investments Co. Lowers Position in Dynatrace, Inc. (NYSE:DT)

Sei Investments Co. decreased its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 820,165 shares of the company’s stock after selling 31,456 shares during the period. Sei Investments Co.’s holdings in Dynatrace were worth $44,576,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Holocene Advisors LP bought a new position in Dynatrace in the third quarter worth $126,592,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the 4th quarter worth about $102,209,000. TimesSquare Capital Management LLC bought a new position in shares of Dynatrace in the 4th quarter worth about $73,906,000. State Street Corp lifted its position in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Finally, Barclays PLC lifted its position in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after acquiring an additional 981,964 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DT. Truist Financial raised their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays raised their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley boosted 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. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, BMO Capital Markets dropped their price target on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s 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 completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was 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. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last quarter. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $50.66 on Tuesday. The business’s 50-day moving average is $55.61 and its two-hundred day moving average is $54.48. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 31.67, a P/E/G 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.

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.