Dynatrace, Inc. (NYSE:DT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,534 shares of the company’s stock after selling 565 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dynatrace were worth $2,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DT. Cetera Investment Advisers raised its stake in Dynatrace by 7.0% during the 2nd quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock worth $1,947,000 after acquiring an additional 2,843 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Dynatrace in the second quarter valued at $567,000. GAMMA Investing LLC increased its stake in Dynatrace by 68.6% in the third quarter. GAMMA Investing LLC now owns 1,957 shares of the company’s stock valued at $105,000 after purchasing an additional 796 shares during the period. CWM LLC increased its stake in Dynatrace by 199.8% in the third quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after purchasing an additional 4,709 shares during the period. Finally, UMB Bank n.a. increased its stake in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Price Performance

Shares of NYSE DT opened at $61.16 on Tuesday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.40. The company has a market capitalization of $18.31 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The firm’s 50-day moving average is $55.21 and its two-hundred day moving average is $52.70.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Scotiabank lifted 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. Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley boosted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.

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.