Dynatrace, Inc. (NYSE:DT) Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,811 shares of the company’s stock after selling 1,121 shares during the period. Gradient Investments LLC’s holdings in Dynatrace were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co lifted its holdings in Dynatrace by 70.6% during the 3rd 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 holdings in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Paladin Wealth LLC acquired a new position in Dynatrace during the 3rd quarter worth $38,000. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% during the 4th 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 period. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace in the 3rd quarter valued at about $52,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’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 completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $55.64 on Friday. The company’s fifty day moving average is $54.31 and its two-hundred day moving average is $51.54. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a market capitalization of $16.61 billion, a P/E ratio of 101.16, a PEG ratio of 7.94 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DT. UBS Group initiated coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. BNP Paribas began coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Royal Bank of Canada raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Truist Financial increased their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, BTIG Research raised their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $61.68.

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.