Pier Capital LLC Reduces Position in Dynatrace, Inc. (NYSE:DT)

Pier Capital LLC decreased its position in Dynatrace, Inc. (NYSE:DT) by 14.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,316 shares of the company’s stock after selling 2,399 shares during the period. Pier Capital LLC’s holdings in Dynatrace were worth $778,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. grew its holdings in Dynatrace by 20.3% in the 4th quarter. Zions Bancorporation N.A. now owns 40,887 shares of the company’s stock worth $2,222,000 after acquiring an additional 6,908 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Dynatrace during the fourth quarter worth about $353,000. Prudential Financial Inc. boosted its holdings in shares of Dynatrace by 244.4% during the fourth quarter. Prudential Financial Inc. now owns 275,400 shares of the company’s stock worth $14,417,000 after purchasing an additional 195,438 shares during the period. United Services Automobile Association grew its stake in shares of Dynatrace by 6.3% in the fourth quarter. United Services Automobile Association now owns 18,918 shares of the company’s stock worth $1,028,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after purchasing an additional 484,877 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 in the last quarter. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective 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. UBS Group upped their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Barclays lifted their target price 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. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Trading Up 1.7 %

Dynatrace stock opened at $50.66 on Tuesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business’s fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $54.48.

Dynatrace Company 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.