Vestmark Advisory Solutions Inc. Acquires 389 Shares of Dynatrace, Inc. (NYSE:DT)

Vestmark Advisory Solutions Inc. boosted its position in Dynatrace, Inc. (NYSE:DT) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,114 shares of the company’s stock after acquiring an additional 389 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Dynatrace were worth $441,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DT. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the 4th quarter worth about $102,209,000. Arizona State Retirement System raised its holdings in Dynatrace by 6.6% in the fourth quarter. Arizona State Retirement System now owns 86,527 shares of the company’s stock worth $4,703,000 after buying an additional 5,361 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Dynatrace in the fourth quarter worth about $1,057,000. M&T Bank Corp raised its holdings in Dynatrace by 1.7% in the fourth quarter. M&T Bank Corp now owns 30,043 shares of the company’s stock worth $1,633,000 after buying an additional 516 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in Dynatrace by 6.3% in the fourth quarter. Atria Investments Inc now owns 7,656 shares of the company’s stock worth $416,000 after buying an additional 455 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Stock Down 2.3 %

Shares of Dynatrace stock opened at $52.36 on Friday. The firm has a market capitalization of $15.67 billion, a P/E ratio of 32.72, a PEG ratio of 7.05 and a beta of 1.12. The company has a 50 day moving average price of $56.43 and a 200 day moving average price of $54.50. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by company insiders.

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.