Cerity Partners LLC Has $818,000 Position in Dynatrace, Inc. (NYSE:DT)

Cerity Partners LLC decreased its holdings in Dynatrace, Inc. (NYSE:DT) by 22.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,101 shares of the company’s stock after selling 4,377 shares during the period. Cerity Partners LLC’s holdings in Dynatrace were worth $818,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased 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. acquired a new stake in Dynatrace in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC raised its stake in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Huntington National Bank lifted its position in shares of 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 in the last quarter. Finally, UMB Bank n.a. grew its stake 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 valued at $68,000 after purchasing an additional 541 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, 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 sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent research reports. Jefferies Financial Group decreased their price objective on Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Morgan Stanley dropped their price objective on Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. BMO Capital Markets cut their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Finally, Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $43.08 on Friday. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock’s 50-day moving average is $50.91 and its 200-day moving average is $53.47. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

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.