Bank of Montreal Can Sells 848,223 Shares of Dynatrace, Inc. (NYSE:DT)

Bank of Montreal Can lessened its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 93.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,151 shares of the company's stock after selling 848,223 shares during the quarter. Bank of Montreal Can's holdings in Dynatrace were worth $3,378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DT. Federated Hermes Inc. increased its position in shares of Dynatrace by 77.2% in the fourth quarter. Federated Hermes Inc. now owns 58,934 shares of the company's stock valued at $3,203,000 after buying an additional 25,678 shares in the last quarter. MIG Capital LLC purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $339,000. Quadrant Capital Group LLC lifted its position in Dynatrace by 6.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after buying an additional 216 shares during the period. Wedbush Securities Inc. acquired a new position in Dynatrace during the fourth quarter worth approximately $244,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Dynatrace by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,338,706 shares of the company's stock valued at $72,759,000 after buying an additional 80,351 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DT. Barclays reduced their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $61.45.

Dynatrace Price Performance

NYSE:DT traded down $1.03 during trading hours on Monday, reaching $42.07. 3,596,117 shares of the stock were exchanged, compared to its average volume of 3,227,939. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a 50 day moving average of $50.51 and a 200 day moving average of $53.39. The stock has a market cap of $12.59 billion, a PE ratio of 26.29, a PEG ratio of 7.05 and a beta of 1.05.

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.