Trillium Asset Management LLC Sells 7,458 Shares of Dynatrace, Inc. (NYSE:DT)

Trillium Asset Management LLC cut its position in Dynatrace, Inc. (NYSE:DT) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,019 shares of the company’s stock after selling 7,458 shares during the quarter. Trillium Asset Management LLC owned approximately 0.06% of Dynatrace worth $9,839,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DT. Smartleaf Asset Management LLC raised its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the fourth quarter valued at about $38,000. Nisa Investment Advisors LLC increased its holdings in shares of 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 acquiring an additional 530 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after acquiring an additional 911 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $49.19 on Wednesday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business’s 50 day moving average price is $55.73 and its 200-day moving average price is $54.47.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. BMO Capital Markets cut their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday. DA Davidson set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.35.

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on 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 owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

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.