Voya Investment Management LLC Sells 377,368 Shares of Dynatrace, Inc. (NYSE:DT)

Voya Investment Management LLC cut its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,059,208 shares of the company's stock after selling 377,368 shares during the quarter. Voya Investment Management LLC owned about 1.02% of Dynatrace worth $166,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DT shares. UBS Group boosted their price target on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Loop Capital reduced their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley decreased their target price on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and an average target price of $60.95.

Dynatrace Price Performance

Shares of Dynatrace stock traded up $1.12 on Tuesday, hitting $47.58. 1,674,994 shares of the company's stock traded hands, compared to its average volume of 3,210,125. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The company has a fifty day moving average of $48.84 and a two-hundred day moving average of $53.08. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

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.