Congress Wealth Management LLC DE Decreases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Congress Wealth Management LLC DE lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271,379 shares of the company’s stock after selling 11,692 shares during the quarter. Congress Wealth Management LLC DE owned about 0.09% of Dynatrace worth $14,749,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DT. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the fourth quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% during the fourth 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 period. UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after buying an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after acquiring an additional 911 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group upped their price target on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. BMO Capital Markets lowered their price objective on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Stifel Nicolaus increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. This represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $50.66 on Tuesday. The business’s 50 day simple moving average is $55.61 and its 200-day simple moving average is $54.48. The stock 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. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

Dynatrace 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.