ArrowMark Colorado Holdings LLC Cuts Stock Position in Dynatrace, Inc. (NYSE:DT)

ArrowMark Colorado Holdings LLC decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,811,672 shares of the company’s stock after selling 56,011 shares during the quarter. Dynatrace comprises about 1.2% of ArrowMark Colorado Holdings LLC’s investment portfolio, making the stock its 23rd largest position. ArrowMark Colorado Holdings LLC’s holdings in Dynatrace were worth $96,870,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace during the 2nd quarter worth about $26,000. V Square Quantitative Management LLC bought a new position in Dynatrace during the 2nd quarter valued at about $32,000. Riverview Trust Co raised its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. Finally, UMB Bank n.a. lifted its stake in Dynatrace by 292.3% in 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. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. BNP Paribas started coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Jefferies Financial Group raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by insiders.

Dynatrace Trading Up 1.3 %

Shares of Dynatrace stock opened at $56.19 on Monday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market capitalization of $16.77 billion, a PE ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06. The firm’s 50-day moving average price is $53.82 and its 200 day moving average price is $49.20.

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.