Brown Advisory Inc. Sells 30,064 Shares of Dynatrace, Inc. (NYSE:DT)

Brown Advisory Inc. lowered its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,742,589 shares of the company's stock after selling 30,064 shares during the quarter. Dynatrace comprises 0.9% of Brown Advisory Inc.'s portfolio, making the stock its 25th largest position. Brown Advisory Inc. owned approximately 3.99% of Dynatrace worth $642,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Dynatrace during the 4th quarter worth about $25,000. NewSquare Capital LLC acquired a new position in Dynatrace during the fourth quarter worth $32,000. Planned Solutions Inc. acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $38,000. Lindbrook Capital LLC increased its position in Dynatrace by 35.9% during the fourth 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, Benjamin F. Edwards & Company Inc. purchased a new position in Dynatrace during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Dynatrace from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Monday, April 1st. Rosenblatt Securities upped their price objective on Dynatrace from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Thursday. Barclays cut their price objective on Dynatrace from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 20th. Finally, Citigroup lifted their price objective on Dynatrace from $58.00 to $68.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $61.54.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Dynatrace Stock Down 0.8 %

Shares of DT stock traded down $0.37 during trading hours on Friday, hitting $48.10. 4,037,504 shares of the company's stock were exchanged, compared to its average volume of 4,145,016. The firm has a 50 day moving average of $46.29 and a two-hundred day moving average of $50.87. Dynatrace, Inc. has a fifty-two week low of $43.29 and a fifty-two week high of $61.41. The firm has a market cap of $14.16 billion, a P/E ratio of 92.50, a P/E/G ratio of 4.15 and a beta of 1.06.

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.