Dynatrace, Inc. (NYSE:DT) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. cut its holdings in Dynatrace, Inc. (NYSE:DT) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 2,326,279 shares of the company’s stock after selling 175,172 shares during the period. Congress Asset Management Co.’s holdings in Dynatrace were worth $126,433,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares during the last quarter. Virtue Capital Management LLC lifted its stake in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares in the last quarter. Atria Investments Inc lifted its stake in Dynatrace by 3.4% during the third 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. Finally, Avior Wealth Management LLC lifted its stake in Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after purchasing an additional 248 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,459 shares of company stock valued at $5,177,882. 0.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. BTIG Research upped their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Loop Capital increased their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Dynatrace Stock Performance

Shares of DT stock opened at $61.35 on Friday. The stock’s 50-day moving average is $55.58 and its two-hundred day moving average is $53.19. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

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.