Dynatrace, Inc. (NYSE:DT) Position Lowered by APG Asset Management US Inc.

APG Asset Management US Inc. decreased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 69.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,775 shares of the company’s stock after selling 44,243 shares during the period. APG Asset Management US Inc.’s holdings in Dynatrace were worth $1,075,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. APG Asset Management N.V. lifted its position in shares of Dynatrace by 467.0% during the fourth quarter. APG Asset Management N.V. now owns 211,801 shares of the company’s stock worth $11,117,000 after purchasing an additional 174,444 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Dynatrace by 24.6% in the fourth quarter. Bank of Nova Scotia now owns 17,118 shares of the company’s stock valued at $930,000 after purchasing an additional 3,385 shares during the period. Renaissance Technologies LLC increased its stake in shares of Dynatrace by 151.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,167,058 shares of the company’s stock valued at $63,430,000 after purchasing an additional 702,958 shares during the period. FIL Ltd increased its stake in shares of Dynatrace by 16.0% in the fourth quarter. FIL Ltd now owns 44,661 shares of the company’s stock valued at $2,427,000 after purchasing an additional 6,145 shares during the period. Finally, Shelton Capital Management increased its stake in shares of Dynatrace by 18.7% during the fourth quarter. Shelton Capital Management now owns 11,244 shares of the company’s stock valued at $611,000 after acquiring an additional 1,774 shares during the period. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research analyst reports. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. BMO Capital Markets decreased their target price on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.13.

Insider Activity

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at approximately $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 three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $45.11 on Thursday. The firm’s 50-day simple moving average is $53.29 and its 200-day simple moving average is $53.93. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $13.50 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

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.