Price T Rowe Associates Inc. MD Sells 3,062,094 Shares of Dynatrace, Inc. (NYSE:DT)

Price T Rowe Associates Inc. MD cut its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,806,049 shares of the company's stock after selling 3,062,094 shares during the period. Price T Rowe Associates Inc. MD owned about 5.95% of Dynatrace worth $967,760,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP acquired a new position in shares of Dynatrace during the 4th quarter worth $369,000. Hsbc Holdings PLC grew its holdings in Dynatrace by 33.0% during the fourth quarter. Hsbc Holdings PLC now owns 322,031 shares of the company's stock valued at $17,505,000 after purchasing an additional 79,924 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Dynatrace by 59.4% in the fourth quarter. Stifel Financial Corp now owns 25,527 shares of the company's stock worth $1,387,000 after buying an additional 9,513 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of Dynatrace by 10.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 133,009 shares of the company's stock worth $7,229,000 after buying an additional 12,247 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Dynatrace by 250.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 21,503 shares of the company's stock worth $1,169,000 after buying an additional 15,361 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DT. Stifel Nicolaus boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley dropped their price target on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets dropped their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.95.

Dynatrace Stock Up 2.9 %

DT traded up $1.34 during trading hours on Tuesday, hitting $47.80. 1,368,100 shares of the company's stock were exchanged, compared to its average volume of 3,208,922. The stock's 50-day moving average is $48.84 and its two-hundred day moving average is $53.08. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of 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 ownership of the stock. 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 in the last 90 days. Corporate insiders own 0.59% of the company's stock.

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.