Commonwealth Equity Services LLC Sells 4,586 Shares of Dynatrace, Inc. (NYSE:DT)

Commonwealth Equity Services LLC decreased its stake in Dynatrace, Inc. (NYSE:DT) by 31.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,214 shares of the company’s stock after selling 4,586 shares during the period. Commonwealth Equity Services LLC’s holdings in Dynatrace were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Dynatrace by 1.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock worth $4,815,000 after purchasing an additional 1,000 shares in the last quarter. Tredje AP fonden increased its stake in Dynatrace by 4.1% in the 4th quarter. Tredje AP fonden now owns 177,459 shares of the company’s stock worth $9,645,000 after buying an additional 6,965 shares in the last quarter. Vestcor Inc raised its holdings in Dynatrace by 36.6% during the fourth quarter. Vestcor Inc now owns 74,651 shares of the company’s stock valued at $4,057,000 after acquiring an additional 20,000 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Dynatrace by 5.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,382 shares of the company’s stock valued at $782,000 after acquiring an additional 720 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Dynatrace in the fourth quarter worth about $43,760,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets cut 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. Finally, Jefferies Financial Group decreased their price target on shares of Dynatrace from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insider Buying and Selling

In other news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. 0.59% of the stock is owned by insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $41.99 on Friday. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock has a 50 day moving average price of $54.75 and a 200-day moving average price of $54.24. Dynatrace, Inc. has a one year low of $39.42 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.