Covestor Ltd Lowers Stake in Dynatrace, Inc. (NYSE:DT)

Covestor Ltd lessened its stake in Dynatrace, Inc. (NYSE:DT) by 30.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,290 shares of the company’s stock after selling 1,419 shares during the period. Covestor Ltd’s holdings in Dynatrace were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Huntington National Bank increased its stake in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after purchasing an additional 606 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last quarter. 0.59% of the stock is owned by insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $43.31 on Friday. The stock’s 50-day moving average is $52.98 and its two-hundred day moving average is $53.86. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 7.05 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.

Dynatrace Profile

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.