Corebridge Financial Inc. Decreases Stock Position in Dynatrace, Inc. (NYSE:DT)

Corebridge Financial Inc. decreased its position in Dynatrace, Inc. (NYSE:DT) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,105 shares of the company’s stock after selling 14,624 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Dynatrace worth $18,539,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the fourth quarter valued at about $38,000. Nisa Investment Advisors LLC increased its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after acquiring an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % 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. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Up 1.7 %

DT stock opened at $50.66 on Tuesday. The stock has a market cap of $15.17 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The firm’s 50-day simple moving average is $55.61 and its 200 day simple moving average is $54.48. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DT shares. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Barclays increased their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.35.

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.