Sterling Capital Management LLC Cuts Stock Position in Dynatrace, Inc. (NYSE:DT)

Sterling Capital Management LLC trimmed its position in Dynatrace, Inc. (NYSE:DT) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the company’s stock after selling 601 shares during the period. Sterling Capital Management LLC’s holdings in Dynatrace were worth $259,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Dynatrace during the 4th quarter worth $192,284,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $102,209,000. TimesSquare Capital Management LLC purchased a new stake in Dynatrace during the fourth quarter worth about $73,906,000. Barclays PLC grew its position in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after buying an additional 981,964 shares during the period. Finally, DSM Capital Partners LLC grew its position in Dynatrace by 55.3% during the fourth quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock worth $133,407,000 after buying an additional 874,429 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was 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 directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 0.3 %

Shares of NYSE:DT opened at $43.08 on Monday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock’s 50-day moving average price is $50.91 and its two-hundred day moving average price is $53.47. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DT. Scotiabank boosted 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. Jefferies Financial Group lowered their target price on Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 7th. BMO Capital Markets dropped their price target on Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.