Violich Capital Management Inc. Cuts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Violich Capital Management Inc. trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,000 shares of the company’s stock after selling 2,160 shares during the period. Violich Capital Management Inc.’s holdings in Dynatrace were worth $815,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Coronation Fund Managers Ltd. boosted its position in Dynatrace by 1.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 291,627 shares of the company’s stock valued at $15,850,000 after buying an additional 5,225 shares during the period. WCM Investment Management LLC purchased a new stake in Dynatrace during the fourth quarter valued at about $1,579,000. Wilmington Savings Fund Society FSB raised its stake in shares of Dynatrace by 17.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,876 shares of the company’s stock valued at $156,000 after acquiring an additional 423 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Dynatrace by 55.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,148 shares of the company’s stock valued at $1,856,000 after acquiring an additional 12,207 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Dynatrace by 12.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 617,977 shares of the company’s stock valued at $33,587,000 after acquiring an additional 66,607 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the 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 in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE DT opened at $61.16 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.40. The company has a 50 day simple moving average of $55.21 and a two-hundred day simple moving average of $52.70. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 6.93 and a beta of 1.04.

Analysts Set New Price Targets

Several brokerages have recently commented on DT. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Scotiabank upped their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note 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 stock presently has an average rating of “Moderate Buy” and an average price target of $61.74.

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.