Pier Capital LLC Cuts Position in Dynatrace, Inc. (NYSE:DT)

Pier Capital LLC cut its holdings in Dynatrace, Inc. (NYSE:DT) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,316 shares of the company’s stock after selling 2,399 shares during the period. Pier Capital LLC’s holdings in Dynatrace were worth $778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the last quarter. UMB Bank n.a. grew its holdings in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after buying an additional 911 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction 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 completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last 90 days. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DT. Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, DA Davidson set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Dynatrace Stock Performance

NYSE DT opened at $50.66 on Tuesday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The company has a fifty day moving average of $55.61 and a 200-day moving average of $54.48. The company has a market capitalization of $15.17 billion, a P/E ratio of 31.67, a P/E/G ratio of 7.05 and a beta of 1.12.

About Dynatrace

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.