McAdam LLC Reduces Stock Position in Dynatrace, Inc. (NYSE:DT)

McAdam LLC lowered its stake in shares of Dynatrace, Inc. (NYSE:DT) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,506 shares of the company’s stock after selling 750 shares during the quarter. McAdam LLC’s holdings in Dynatrace were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Riverview Trust Co lifted its holdings in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the 3rd quarter valued at approximately $38,000. UMB Bank n.a. lifted its stake in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in 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 purchasing an additional 530 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Dynatrace during the third quarter valued at $52,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.1 %

NYSE:DT opened at $57.82 on Monday. The business’s 50-day moving average price is $54.80 and its 200 day moving average price is $52.08. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The firm has a market cap of $17.26 billion, a P/E ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DT. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, January 29th. Royal Bank of Canada raised their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Cantor Fitzgerald lowered their price objective on Dynatrace from $58.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.