Dynatrace, Inc. (NYSE:DT) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its position in Dynatrace, Inc. (NYSE:DT) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,376 shares of the company’s stock after selling 2,235 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dynatrace were worth $673,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DT. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after buying an additional 206 shares during the period. Virtue Capital Management LLC lifted its position in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares during the period. Atria Investments Inc grew its stake in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after purchasing an additional 248 shares during the period. Finally, Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 2.7 %

Dynatrace stock opened at $58.00 on Wednesday. The stock has a market cap of $17.31 billion, a PE ratio of 105.45, a P/E/G ratio of 7.94 and a beta of 1.02. The stock has a 50-day moving average price of $54.40 and a 200 day moving average price of $51.75. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. BMO Capital Markets increased their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group started coverage on Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

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.