New Century Financial Group LLC Has $283,000 Position in Dynatrace, Inc. (NYSE:DT)

New Century Financial Group LLC lessened its stake in Dynatrace, Inc. (NYSE:DT) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,163 shares of the company’s stock after selling 585 shares during the period. New Century Financial Group LLC’s holdings in Dynatrace were worth $283,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of Dynatrace in the 3rd quarter worth approximately $126,592,000. State Street Corp lifted its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the period. Barclays PLC lifted its position in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares during the period. Geode Capital Management LLC boosted its stake in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after buying an additional 648,808 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Up 1.6 %

NYSE:DT opened at $55.64 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The stock’s fifty day simple moving average is $54.25 and its 200-day simple moving average is $51.47. The firm has a market capitalization of $16.61 billion, a P/E ratio of 101.16, a P/E/G ratio of 7.94 and a beta of 1.02.

Analyst Ratings Changes

Several analysts have recently weighed in on DT shares. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Scotiabank lifted their price objective on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. BMO Capital Markets raised their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays upped their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, UBS Group initiated coverage on Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.68.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.59% of the company’s stock.

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.