US Bancorp DE Sells 5,545 Shares of Dynatrace, Inc. (NYSE:DT)

US Bancorp DE lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,910 shares of the company’s stock after selling 5,545 shares during the quarter. US Bancorp DE’s holdings in Dynatrace were worth $2,604,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama boosted its stake in shares of Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the last quarter. Synovus Financial Corp boosted its stake 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 last quarter. Crossmark Global Holdings Inc. boosted its stake in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after acquiring an additional 52,000 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DT. Stifel Nicolaus lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Trading Down 4.5 %

Shares of NYSE DT opened at $53.62 on Friday. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The stock has a 50-day moving average price of $56.48 and a two-hundred day moving average price of $54.45.

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.