Dynatrace, Inc. (NYSE:DT) Stock Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,248 shares of the company’s stock after selling 36,315 shares during the period. Cresset Asset Management LLC’s holdings in Dynatrace were worth $1,032,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares in the last quarter. OFI Invest Asset Management bought a new stake in Dynatrace during the 4th quarter valued at $842,000. Allstate Corp bought a new stake in Dynatrace during the 4th quarter valued at $471,000. Artemis Investment Management LLP raised its stake in shares of Dynatrace by 18.4% in the 4th quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock worth $18,651,000 after buying an additional 53,271 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in shares of Dynatrace in the 4th quarter worth $571,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 0.2%

Shares of DT stock opened at $48.63 on Monday. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 7.05 and a beta of 0.95. The stock’s fifty day simple moving average is $46.98 and its 200-day simple moving average is $52.68.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $30,631,224. This represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,932 shares of company stock worth $7,007,399. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DT shares. DA Davidson dropped their price objective on Dynatrace from $70.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets dropped their price objective on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, UBS Group dropped their price objective on Dynatrace from $62.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.41.

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.