AQR Capital Management LLC Sells 125,880 Shares of Dynatrace, Inc. (NYSE:DT)

AQR Capital Management LLC lessened its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,277 shares of the company's stock after selling 125,880 shares during the quarter. AQR Capital Management LLC owned 0.14% of Dynatrace worth $23,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in shares of Dynatrace by 26.6% in the fourth quarter. Northern Trust Corp now owns 2,662,324 shares of the company's stock worth $144,697,000 after purchasing an additional 559,499 shares during the last quarter. Melqart Asset Management UK Ltd grew its holdings in Dynatrace by 17.7% in the 4th quarter. Melqart Asset Management UK Ltd now owns 264,753 shares of the company's stock worth $14,389,000 after acquiring an additional 39,742 shares during the last quarter. Aquatic Capital Management LLC increased its position in shares of Dynatrace by 330.6% in the fourth quarter. Aquatic Capital Management LLC now owns 78,361 shares of the company's stock valued at $4,259,000 after acquiring an additional 60,161 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Dynatrace during the fourth quarter valued at about $307,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dynatrace during the fourth quarter worth about $8,085,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $0.22 during trading on Tuesday, hitting $47.37. 1,663,560 shares of the company's stock traded hands, compared to its average volume of 3,182,070. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The business has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $52.84. The stock has a market capitalization of $14.18 billion, a P/E ratio of 29.61, a PEG ratio of 7.05 and a beta of 0.95.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. UBS Group cut their price target 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. DA Davidson decreased their price objective on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price target 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 given a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $60.41.

Insider Activity

In related news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. 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 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Dynatrace 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.