Legal & General Group Plc Has $54.87 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Legal & General Group Plc decreased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 27.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,009,642 shares of the company's stock after selling 383,120 shares during the period. Legal & General Group Plc owned approximately 0.34% of Dynatrace worth $54,874,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Dynatrace by 10.2% in the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after buying an additional 700,332 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after acquiring an additional 834,225 shares in the last quarter. Geode Capital Management LLC lifted its position in Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after acquiring an additional 87,857 shares in the last quarter. Finally, Norges Bank bought a new stake in Dynatrace in the 4th quarter valued at $192,284,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Dynatrace

In other news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last quarter. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.27 during midday trading on Thursday, reaching $43.47. The company's stock had a trading volume of 777,993 shares, compared to its average volume of 3,228,851. The business's 50 day moving average price is $51.64 and its two-hundred day moving average price is $53.59. The company has a market cap of $13.01 billion, a P/E ratio of 27.12, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada lifted 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. BMO Capital Markets reduced their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. DA Davidson lowered their price objective on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a report on Monday. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Finally, UBS Group lifted their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.83.

About Dynatrace

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.