Dimensional Fund Advisors LP Reduces Holdings in Dynatrace, Inc. (NYSE:DT)

Dimensional Fund Advisors LP lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,234,791 shares of the company's stock after selling 10,505 shares during the period. Dimensional Fund Advisors LP owned 0.41% of Dynatrace worth $67,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake 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 buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank grew its position 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 purchasing an additional 606 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after purchasing an additional 340 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

NYSE DT traded up $0.52 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 company's fifty day moving average price is $47.86 and its 200-day moving average price is $52.90. The company has a market capitalization of $14.36 billion, a PE ratio of 29.98, a PEG ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Morgan Stanley decreased their target price on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $60.41.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated 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 owns 339,004 shares of the company's stock, 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 have sold a total of 117,432 shares of company stock worth $7,159,599 over the last 90 days. 0.59% of the stock is currently owned by company 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.