Advisor OS LLC Trims Position in Dynatrace, Inc. (NYSE:DT)

Advisor OS LLC decreased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,869 shares of the company’s stock after selling 4,648 shares during the quarter. Advisor OS LLC’s holdings in Dynatrace were worth $754,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DT. Nisa Investment Advisors LLC grew its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter worth about $52,000. UMB Bank n.a. grew its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after acquiring an additional 541 shares in the last quarter. First Horizon Advisors Inc. increased its position in Dynatrace by 53.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after purchasing an additional 527 shares during the period. Finally, Financial Life Planners bought a new stake in shares of Dynatrace in the 4th quarter valued at about $83,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of DT opened at $58.86 on Thursday. The stock has a 50-day moving average of $56.33 and a two-hundred day moving average of $54.18. The stock has a market cap of $17.62 billion, a P/E ratio of 36.79, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent research reports. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Barclays upped their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.25.

Insider Buying and Selling

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock valued at $10,052,682 over the last quarter. 0.59% of the stock is currently owned by company insiders.

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.