Cibc World Markets Corp Lowers Position in Dynatrace, Inc. (NYSE:DT)

Cibc World Markets Corp cut its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,481 shares of the company’s stock after selling 3,028 shares during the quarter. Cibc World Markets Corp’s holdings in Dynatrace were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DT. Pathstone Holdings LLC lifted its stake in Dynatrace by 2.6% during the 3rd quarter. Pathstone Holdings LLC now owns 86,578 shares of the company’s stock worth $4,629,000 after acquiring an additional 2,218 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Dynatrace during the 3rd quarter worth about $389,000. PNC Financial Services Group Inc. lifted its stake in Dynatrace by 10.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company’s stock worth $1,801,000 after acquiring an additional 3,132 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Dynatrace by 22.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company’s stock worth $282,000 after acquiring an additional 965 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Dynatrace by 53.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after acquiring an additional 527 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Up 0.4 %

NYSE:DT opened at $49.85 on Friday. The stock’s 50 day moving average price is $55.61 and its 200 day moving average price is $54.43. The company has a market capitalization of $14.92 billion, a PE ratio of 31.15, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Wall Street Analysts Forecast Growth

DT has been the topic of several research reports. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Scotiabank increased their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Stifel Nicolaus increased their price target on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by 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.