New England Research & Management Inc. Sells 1,150 Shares of Dynatrace, Inc. (NYSE:DT)

New England Research & Management Inc. trimmed its position in Dynatrace, Inc. (NYSE:DT) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,525 shares of the company’s stock after selling 1,150 shares during the quarter. New England Research & Management Inc.’s holdings in Dynatrace were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Riverview Trust Co grew its stake in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Dynatrace in the third quarter worth about $38,000. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 271.8% in the fourth 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. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace in the third quarter worth about $52,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of recent research reports. BMO Capital Markets raised their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. BNP Paribas began coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, UBS Group began coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.68.

Dynatrace Stock Down 1.2 %

NYSE:DT opened at $57.25 on Thursday. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a 50 day moving average of $54.53 and a 200 day moving average of $51.85.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s 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 sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate insiders.

About Dynatrace

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.