CANADA LIFE ASSURANCE Co Cuts Position in Dynatrace, Inc. (NYSE:DT)

CANADA LIFE ASSURANCE Co lowered its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 561,594 shares of the company's stock after selling 25,434 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.19% of Dynatrace worth $30,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after purchasing an additional 700,332 shares during the period. Pictet Asset Management Holding SA lifted its stake in Dynatrace by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after purchasing an additional 834,225 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dynatrace by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after buying an additional 87,857 shares during the period. Finally, Norges Bank bought a new position in shares of Dynatrace during the 4th quarter worth $192,284,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

NYSE:DT traded up $0.41 during mid-day trading on Friday, hitting $46.54. The company's stock had a trading volume of 419,669 shares, compared to its average volume of 3,209,282. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 7.05 and a beta of 1.05. The business's fifty day moving average is $49.46 and its two-hundred day moving average is $53.20.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Loop Capital reduced their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday. Scotiabank lifted their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.95.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. 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 that occurred on 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 sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $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. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate 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.