Brown Advisory Inc. Trims Position in Dynatrace, Inc. (NYSE:DT)

Brown Advisory Inc. lowered its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,115,443 shares of the company's stock after selling 579,280 shares during the quarter. Dynatrace makes up about 1.0% of Brown Advisory Inc.'s holdings, making the stock its 26th biggest holding. Brown Advisory Inc. owned about 4.72% of Dynatrace worth $767,174,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace in the 4th quarter valued at $38,000. 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 buying an additional 669 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, Huntington National Bank raised its stake in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

NYSE:DT traded down $0.22 during mid-day trading on Tuesday, hitting $47.37. 1,663,560 shares of the company's stock traded hands, compared to its average volume of 3,182,071. The company has a market cap of $14.18 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The firm's 50 day simple moving average is $47.44 and its 200 day simple moving average is $52.81. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Royal Bank of Canada raised their price target on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Barclays reduced their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Finally, UBS Group cut their target price on shares of Dynatrace from $62.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.41.

Insider Buying and Selling

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated 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 in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 in the last ninety days. Insiders own 0.59% of the company's stock.

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.