Avantax Advisory Services Inc. Increases Stake in Dynatrace, Inc. (NYSE:DT)

Avantax Advisory Services Inc. increased its position in Dynatrace, Inc. (NYSE:DT) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,382 shares of the company’s stock after acquiring an additional 720 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dynatrace were worth $782,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DT. Holocene Advisors LP purchased a new stake in Dynatrace in the 3rd quarter worth about $126,592,000. Raymond James Financial Inc. purchased a new stake in Dynatrace in the 4th quarter worth about $102,209,000. TimesSquare Capital Management LLC purchased a new stake in Dynatrace in the 4th quarter worth about $73,906,000. State Street Corp increased its holdings in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Finally, Barclays PLC increased its holdings in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE:DT opened at $49.59 on Friday. The business has a 50 day moving average of $55.63 and a 200 day moving average of $54.40. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird set a $65.00 target price on Dynatrace in a report on Friday, January 31st. BMO Capital Markets reduced their target price on Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday. Barclays lifted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.35.

Dynatrace Company 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.