Comerica Bank Sells 5,608 Shares of Dynatrace, Inc. (NYSE:DT)

Comerica Bank lessened its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 531,539 shares of the company's stock after selling 5,608 shares during the period. Comerica Bank owned about 0.18% of Dynatrace worth $28,889,000 as of its most recent SEC filing.

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

Dynatrace Price Performance

Shares of NYSE:DT traded up $0.52 during trading on Friday, hitting $47.96. The company had a trading volume of 1,880,598 shares, compared to its average volume of 3,195,242. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The company has a fifty day simple moving average of $47.86 and a two-hundred day simple moving average of $52.90. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Analyst Ratings Changes

Several brokerages recently commented on DT. Barclays cut their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Loop Capital decreased 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, April 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.41.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value 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. The trade was a 9.34 % 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 owned by insiders.

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.