State of Alaska Department of Revenue Decreases Position in Dynatrace, Inc. (NYSE:DT)

State of Alaska Department of Revenue cut its stake in Dynatrace, Inc. (NYSE:DT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,534 shares of the company’s stock after selling 565 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dynatrace were worth $2,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DT. Riverview Trust Co raised its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the 3rd quarter worth approximately $38,000. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Dynatrace during the 3rd quarter worth approximately $52,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

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

Dynatrace Trading Up 2.2 %

Dynatrace stock opened at $61.16 on Tuesday. The stock has a market cap 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. The company has a fifty day simple moving average of $55.21 and a 200-day simple moving average of $52.70. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.40.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DT shares. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wedbush restated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Scotiabank increased their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.74.

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.