Wells Fargo & Company MN Has $5.56 Million Stake in Dynatrace, Inc. (NYSE:DT)

Wells Fargo & Company MN lowered its stake in Dynatrace, Inc. (NYSE:DT) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,250 shares of the company’s stock after selling 1,645 shares during the period. Wells Fargo & Company MN’s holdings in Dynatrace were worth $5,557,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in Dynatrace by 15.7% during the 3rd quarter. Stifel Financial Corp now owns 16,014 shares of the company’s stock valued at $856,000 after purchasing an additional 2,177 shares during the period. Barclays PLC lifted its holdings in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after buying an additional 981,964 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Dynatrace in the third quarter valued at approximately $131,000. Tidal Investments LLC boosted its stake in Dynatrace by 2.7% in the third quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock valued at $1,877,000 after acquiring an additional 923 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

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

Dynatrace Price Performance

Shares of DT opened at $43.08 on Friday. The firm has a market capitalization of $12.90 billion, a PE ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05. The company’s 50-day moving average is $50.91 and its 200-day moving average is $53.47. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced their price target on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Scotiabank raised their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Jefferies Financial Group decreased their price objective on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.