Dynatrace, Inc. (NYSE:DT) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,248 shares of the company's stock after selling 36,315 shares during the period. Cresset Asset Management LLC's holdings in Dynatrace were worth $1,032,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DT. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace during the fourth quarter valued at $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace during the fourth quarter valued at $192,284,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace during the fourth quarter valued at $102,209,000. TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace during the fourth quarter valued at $73,906,000. Finally, Barclays PLC boosted its stake in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This represents a 9.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,932 shares of company stock worth $7,007,399. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Scotiabank increased their target price on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. UBS Group reduced their target price on Dynatrace from $62.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Stifel Nicolaus increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $60.41.

Dynatrace Trading Up 0.2%

Shares of DT opened at $48.63 on Monday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 7.05 and a beta of 0.95. The stock has a 50 day moving average of $46.98 and a 200-day moving average of $52.68. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

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.

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