Baird Financial Group Inc. Sells 60,959 Shares of Dynatrace, Inc. (NYSE:DT)

Baird Financial Group Inc. lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690,862 shares of the company's stock after selling 60,959 shares during the quarter. Baird Financial Group Inc. owned 0.23% of Dynatrace worth $37,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in 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 acquiring an additional 669 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Dynatrace by 218.0% during 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. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.8 %

Shares of NYSE:DT opened at $47.58 on Tuesday. The stock has a 50 day moving average of $47.64 and a 200 day moving average of $52.84. The company has a market cap of $14.24 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. DA Davidson reduced their price target on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Barclays cut their target price on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.41.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. 0.59% of the stock is currently owned by company insiders.

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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