Ameriprise Financial Inc. Has $60.17 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Ameriprise Financial Inc. trimmed its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,107,115 shares of the company's stock after selling 495,881 shares during the period. Ameriprise Financial Inc. owned 0.37% of Dynatrace worth $60,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in DT. Smartleaf Asset Management LLC lifted its holdings in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC lifted its stake in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after purchasing an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

Dynatrace stock opened at $48.63 on Friday. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock's 50 day moving average price is $46.98 and its two-hundred day moving average price is $52.70.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 over the last ninety days. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DT shares. Loop Capital reduced their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. BMO Capital Markets cut their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Morgan Stanley cut their price objective on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $60.41.

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.

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