Dynatrace, Inc. (NYSE:DT) Shares Sold by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. reduced its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,887,043 shares of the company's stock after selling 90,323 shares during the period. Dynatrace makes up 3.0% of Jericho Capital Asset Management L.P.'s holdings, making the stock its 13th biggest position. Jericho Capital Asset Management L.P. owned 1.30% of Dynatrace worth $211,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the 4th quarter valued at approximately $38,000. Coppell Advisory Solutions LLC lifted its holdings in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after acquiring an additional 669 shares during the last quarter. Nisa Investment Advisors LLC grew its position 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 acquiring an additional 530 shares during the period. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Up 1.0 %

Shares of NYSE DT traded up $0.45 during mid-day trading on Thursday, reaching $47.42. The company had a trading volume of 4,216,886 shares, compared to its average volume of 3,236,528. The firm has a 50 day simple moving average of $48.07 and a two-hundred day simple moving average of $52.95. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The stock has a market cap of $14.20 billion, a P/E ratio of 29.64, a PEG ratio of 7.05 and a beta of 1.05.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. DA Davidson lowered their target price on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Barclays lowered their price objective on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, BMO Capital Markets cut their target price on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.41.

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.