Whetstone Capital Advisors LLC Trims Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Whetstone Capital Advisors LLC reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,983 shares of the company’s stock after selling 445 shares during the quarter. Dynatrace comprises 1.7% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Whetstone Capital Advisors LLC’s holdings in Dynatrace were worth $3,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DT. Bessemer Group Inc. grew its position in shares of Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after purchasing an additional 226 shares in the last quarter. Atria Investments Inc boosted its stake in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the period. Avior Wealth Management LLC grew its holdings in Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after buying an additional 248 shares in the last quarter. Riverview Trust Co lifted its holdings in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dynatrace by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after buying an additional 266 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last 90 days. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DT. BNP Paribas started coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Wedbush began coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Guggenheim increased their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.50.

Dynatrace Trading Up 5.7 %

Dynatrace stock opened at $55.46 on Monday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The firm has a market cap of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 8.11 and a beta of 1.06. The firm has a 50-day moving average of $53.44 and a 200-day moving average of $48.88.

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.