Violich Capital Management Inc. Has $815,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Violich Capital Management Inc. cut its position in Dynatrace, Inc. (NYSE:DT) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the company’s stock after selling 2,160 shares during the period. Violich Capital Management Inc.’s holdings in Dynatrace were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Coronation Fund Managers Ltd. boosted its stake in Dynatrace by 1.8% during the 4th quarter. Coronation Fund Managers Ltd. now owns 291,627 shares of the company’s stock valued at $15,850,000 after purchasing an additional 5,225 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of Dynatrace in the 4th quarter worth approximately $1,579,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Dynatrace by 17.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,876 shares of the company’s stock worth $156,000 after buying an additional 423 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Dynatrace by 55.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,148 shares of the company’s stock worth $1,856,000 after buying an additional 12,207 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Dynatrace by 12.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 617,977 shares of the company’s stock worth $33,587,000 after buying an additional 66,607 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

DT opened at $61.16 on Tuesday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.40. The company has a fifty day moving average price of $55.21 and a 200-day moving average price of $52.70. The firm has a market capitalization of $18.31 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Loop Capital lifted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, BTIG Research boosted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

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.