Blair William & Co. IL Sells 19,284 Shares of Dynatrace, Inc. (NYSE:DT)

Blair William & Co. IL lowered its position in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,462 shares of the company’s stock after selling 19,284 shares during the period. Blair William & Co. IL owned about 0.10% of Dynatrace worth $14,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Dynatrace in the 1st quarter valued at about $26,000. IFP Advisors Inc bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $27,000. Advisory Services Network LLC lifted its stake in shares of Dynatrace by 50.9% in the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Dynatrace by 431.8% in the 2nd quarter. Smithfield Trust Co now owns 585 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Dynatrace in the 3rd quarter valued at about $35,000. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, SVP Bernd Greifeneder sold 4,715 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $54.63, for a total transaction of $257,580.45. Following the sale, the senior vice president now directly owns 996,916 shares in the company, valued at approximately $54,461,521.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Dan Zugelder sold 6,497 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $54.59, for a total transaction of $354,671.23. Following the transaction, the senior vice president now directly owns 102,616 shares of the company’s stock, valued at approximately $5,601,807.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bernd Greifeneder sold 4,715 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $54.63, for a total value of $257,580.45. Following the transaction, the senior vice president now directly owns 996,916 shares in the company, valued at $54,461,521.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,896 shares of company stock worth $5,207,653. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DT. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Dynatrace in a research report on Thursday. Jefferies Financial Group raised Dynatrace from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $70.00 in a research report on Friday, January 5th. Citigroup upped their price target on Dynatrace from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Dynatrace in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

Read Our Latest Research Report on DT

Dynatrace Stock Down 4.0 %

Dynatrace stock opened at $53.80 on Monday. The company has a market capitalization of $15.92 billion, a P/E ratio of 81.52, a PEG ratio of 5.82 and a beta of 1.13. The stock’s 50 day moving average is $55.88 and its 200 day moving average is $50.89. Dynatrace, Inc. has a twelve month low of $37.21 and a twelve month high of $61.41.

About Dynatrace

(Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It 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.

Further Reading

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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