McAdam LLC Sells 750 Shares of Dynatrace, Inc. (NYSE:DT)

McAdam LLC reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,506 shares of the company’s stock after selling 750 shares during the quarter. McAdam LLC’s holdings in Dynatrace were worth $625,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Riverview Trust Co lifted its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace in the 3rd quarter valued at approximately $38,000. UMB Bank n.a. grew its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Dynatrace in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $57.82 on Monday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock’s 50-day moving average is $54.80 and its 200 day moving average is $52.08. The company has a market cap of $17.26 billion, a PE ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s 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. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday. Cantor Fitzgerald reduced their target price on Dynatrace from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday. Finally, BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.