AEGON ASSET MANAGEMENT UK Plc Sells 195,051 Shares of Dynatrace, Inc. (NYSE:DT)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 32.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 403,223 shares of the company’s stock after selling 195,051 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Dynatrace were worth $21,931,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DT. State Street Corp grew its stake in shares of Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC grew its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. RGM Capital LLC grew its position in Dynatrace by 12.8% in the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after buying an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after acquiring an additional 482,017 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 1.6 %

Dynatrace stock opened at $55.64 on Friday. The firm has a fifty day simple moving average of $54.31 and a two-hundred day simple moving average of $51.54. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The company has a market capitalization of $16.61 billion, a PE ratio of 101.16, a P/E/G ratio of 7.94 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DT. Truist Financial lifted their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Cantor Fitzgerald started coverage on Dynatrace in a report on Friday, January 17th. They set a “neutral” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.68.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

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.