Dynatrace, Inc. (NYSE:DT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,440 shares of the company's stock after selling 29,955 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Dynatrace worth $10,306,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Dynatrace during the 4th quarter valued at about $25,000. FinTrust Capital Advisors LLC bought a new position in Dynatrace during the third quarter worth $35,000. Planned Solutions Inc. bought a new stake in shares of Dynatrace in the 4th quarter worth about $38,000. Lindbrook Capital LLC grew its holdings in shares of Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company's stock worth $39,000 after purchasing an additional 187 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Dynatrace by 48.8% during the 4th quarter. Blue Trust Inc. now owns 2,047 shares of the company's stock worth $112,000 after acquiring an additional 671 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DT shares. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $70.00 and gave the company a "sector outperform" rating in a research report on Monday, February 5th. Citigroup raised their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Rosenblatt Securities raised their target price on shares of Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Capital One Financial began coverage on shares of Dynatrace in a report on Wednesday, February 21st. They set an "overweight" rating and a $64.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

Insider Buying and Selling at Dynatrace

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the transaction, the insider now owns 16,114,344 shares of the company's stock, valued at $847,614,494.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Dan Zugelder sold 6,595 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total value of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares of the company's stock, valued at $4,704,649.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by corporate insiders.

Dynatrace Stock Up 0.6 %

Shares of NYSE:DT traded up $0.27 on Thursday, hitting $45.85. The company had a trading volume of 6,628,133 shares, compared to its average volume of 3,485,327. The firm's 50-day simple moving average is $46.72 and its two-hundred day simple moving average is $50.78. Dynatrace, Inc. has a 1 year low of $40.57 and a 1 year high of $61.41. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 69.11, a P/E/G ratio of 3.89 and a beta of 1.06.

Dynatrace (NYSE:DT - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. Equities research analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.