Farther Finance Advisors LLC Has $122,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Farther Finance Advisors LLC lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,241 shares of the company’s stock after selling 448 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dynatrace were worth $122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DT. Holocene Advisors LP acquired a new stake in shares of Dynatrace in the third quarter worth $126,592,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the fourth quarter worth $102,209,000. TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $73,906,000. State Street Corp boosted its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Finally, Barclays PLC boosted its position in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

Dynatrace stock opened at $49.59 on Friday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The firm has a market capitalization of $14.84 billion, a PE ratio of 30.99, a PEG ratio of 7.05 and a beta of 1.12. The business’s 50-day simple moving average is $55.63 and its 200-day simple moving average is $54.40.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research reports. Scotiabank lifted their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Finally, Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $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 over the last three months. Company insiders own 0.59% of the company’s stock.

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.