Advent International L.P. Sells 87,500 Shares of Dynatrace, Inc. (NYSE:DT)

Advent International L.P. reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,660 shares of the company's stock after selling 87,500 shares during the quarter. Dynatrace comprises 1.0% of Advent International L.P.'s investment portfolio, making the stock its 13th biggest position. Advent International L.P. owned about 0.26% of Dynatrace worth $41,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DT. Mercer Global Advisors Inc. ADV boosted its holdings in Dynatrace by 8.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,466 shares of the company's stock valued at $1,601,000 after purchasing an additional 2,406 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Dynatrace during the fourth quarter worth about $51,731,000. Kapitalo Investimentos Ltda bought a new position in Dynatrace in the 4th quarter worth about $74,000. Voleon Capital Management LP purchased a new stake in shares of Dynatrace in the 4th quarter valued at about $388,000. Finally, Northern Trust Corp boosted its position in shares of Dynatrace by 26.6% during the 4th quarter. Northern Trust Corp now owns 2,662,324 shares of the company's stock valued at $144,697,000 after acquiring an additional 559,499 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of several research analyst reports. 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. DA Davidson reduced their target price on Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus increased their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, UBS Group dropped their target price on Dynatrace from $62.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.41.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last 90 days. Insiders own 0.59% of the company's stock.

Dynatrace Price Performance

NYSE:DT traded up $0.52 during mid-day trading on Friday, hitting $47.96. 1,880,598 shares of the company's stock were exchanged, compared to its average volume of 3,195,242. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The business has a fifty day moving average price of $47.86 and a 200 day moving average price of $52.89. The company has a market cap of $14.36 billion, a PE ratio of 29.98, a P/E/G ratio of 7.05 and a beta of 0.95.

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.