Calamos Advisors LLC Cuts Stock Position in Dynatrace, Inc. (NYSE:DT)

Calamos Advisors LLC reduced its position in Dynatrace, Inc. (NYSE:DT) by 79.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,537 shares of the company’s stock after selling 29,326 shares during the quarter. Calamos Advisors LLC’s holdings in Dynatrace were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co boosted its stake in 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. Paladin Wealth LLC purchased a new stake in shares of Dynatrace in the 3rd quarter valued at $38,000. UMB Bank n.a. boosted its stake in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace during the third quarter valued at about $52,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE DT opened at $60.48 on Thursday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.00. The stock has a market cap of $18.10 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04. The firm has a 50-day moving average of $54.95 and a 200 day moving average of $52.35.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DT shares. JPMorgan Chase & Co. upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $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 through the SEC website. Company insiders own 0.59% of the company’s stock.

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.