Nicholas Company Inc. Sells 280 Shares of Dynatrace, Inc. (NYSE:DT)

Nicholas Company Inc. lowered its holdings in Dynatrace, Inc. (NYSE:DT) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,683 shares of the company’s stock after selling 280 shares during the quarter. Nicholas Company Inc. owned 0.15% of Dynatrace worth $24,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Corient Private Wealth LLC purchased a new position in shares of Dynatrace in the fourth quarter worth $258,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Dynatrace by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 56,330 shares of the company’s stock worth $3,062,000 after purchasing an additional 2,160 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Dynatrace in the fourth quarter worth $484,000. Natixis Advisors LLC raised its stake in shares of Dynatrace by 15.0% in the fourth quarter. Natixis Advisors LLC now owns 211,739 shares of the company’s stock worth $11,508,000 after purchasing an additional 27,616 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Dynatrace by 1.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock worth $4,815,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DT. Truist Financial upped their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group upped their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Stock Up 2.4 %

Shares of Dynatrace stock opened at $48.45 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The business has a 50-day moving average price of $55.85 and a 200 day moving average price of $54.45. The firm has a market cap of $14.50 billion, a PE ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

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.