Dynatrace, Inc. (NYSE:DT) Holdings Trimmed by Burney Co.

Burney Co. lowered its holdings in Dynatrace, Inc. (NYSE:DT) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,810 shares of the company’s stock after selling 1,439 shares during the period. Burney Co.’s holdings in Dynatrace were worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DT. Retirement Systems of Alabama boosted its holdings in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC boosted its stake in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares during the period. Synovus Financial Corp grew its holdings in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after acquiring an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Dynatrace during the third quarter worth $600,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 0.9 %

Shares of NYSE DT opened at $50.98 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market cap of $15.22 billion, a P/E ratio of 92.68, a P/E/G ratio of 7.39 and a beta of 1.02. The business’s 50 day moving average is $54.36 and its two-hundred day moving average is $51.19.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DT. Royal Bank of Canada boosted their target price on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. BNP Paribas assumed coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Finally, Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.08.

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.