Dynatrace, Inc. (NYSE:DT) Stock Holdings Trimmed by Y.D. More Investments Ltd

Y.D. More Investments Ltd cut its stake in Dynatrace, Inc. (NYSE:DT) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,623 shares of the company’s stock after selling 571 shares during the period. Y.D. More Investments Ltd’s holdings in Dynatrace were worth $1,338,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DT. Versant Capital Management Inc increased its stake in Dynatrace by 11.9% in 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 in the last quarter. Virtue Capital Management LLC boosted its stake in Dynatrace by 4.2% in 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 period. Atria Investments Inc grew its position in 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 in the last quarter. Avior Wealth Management LLC boosted its position in shares of Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the period. Finally, Riverview Trust Co raised its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Up 0.8 %

NYSE:DT opened at $59.37 on Wednesday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 8.37 and a beta of 1.04. The business’s 50-day moving average price is $54.87 and its two-hundred day moving average price is $52.25.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, January 31st. BMO Capital Markets increased their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by corporate 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.