Dakota Wealth Management Lowers Holdings in Dynatrace, Inc. (NYSE:DT)

Dakota Wealth Management reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,499 shares of the company’s stock after selling 1,424 shares during the period. Dakota Wealth Management’s holdings in Dynatrace were worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DT. Riverview Trust Co grew its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Dynatrace during the third quarter worth about $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter valued at approximately $52,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value 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 trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DT shares. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald began coverage on Dynatrace in a research note on Friday, January 17th. They set a “neutral” rating and a $58.00 price target for the company. BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.68.

Dynatrace Price Performance

Shares of NYSE:DT opened at $55.64 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock’s 50-day moving average is $54.25 and its 200 day moving average is $51.47. The company has a market cap of $16.61 billion, a PE ratio of 101.16, a P/E/G ratio of 7.94 and a beta of 1.02.

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.