Schonfeld Strategic Advisors LLC Sells 392,393 Shares of Dynatrace, Inc. (NYSE:DT)

Schonfeld Strategic Advisors LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,100 shares of the company's stock after selling 392,393 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Dynatrace were worth $1,799,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DT. Barclays PLC increased its position in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after acquiring an additional 981,964 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Dynatrace during the third quarter valued at $131,000. Tidal Investments LLC lifted its holdings in shares of Dynatrace by 2.7% during the third quarter. Tidal Investments LLC now owns 35,113 shares of the company's stock valued at $1,877,000 after purchasing an additional 923 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dynatrace by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 3,637 shares of the company's stock valued at $198,000 after buying an additional 1,680 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Dynatrace in the 4th quarter worth about $469,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

DT opened at $47.58 on Tuesday. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 7.05 and a beta of 0.95. The company has a fifty day moving average of $47.64 and a 200 day moving average of $52.84. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Insider Activity

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DT. Royal Bank of Canada raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. DA Davidson lowered their target price on Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.41.

Dynatrace 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.