Van Berkom & Associates Inc. Decreases Stock Position in Dynatrace, Inc. (NYSE:DT)

Van Berkom & Associates Inc. trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,726 shares of the company’s stock after selling 884 shares during the period. Van Berkom & Associates Inc.’s holdings in Dynatrace were worth $1,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. Nisa Investment Advisors LLC raised its position in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace in the third quarter worth $52,000. UMB Bank n.a. raised its holdings in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after acquiring an additional 541 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Dynatrace by 53.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after acquiring an additional 527 shares during the last quarter. Finally, Financial Life Planners acquired a new position in Dynatrace during the 4th quarter worth $83,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,459 shares of company stock valued at $7,634,682 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, BMO Capital Markets upped their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.04.

Dynatrace Trading Down 0.6 %

Shares of NYSE DT opened at $61.28 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a market cap of $18.34 billion, a PE ratio of 38.30, a P/E/G ratio of 7.18 and a beta of 1.04. The stock has a 50 day simple moving average of $55.97 and a 200-day simple moving average of $53.71.

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.