Sei Investments Co. Sells 31,456 Shares of Dynatrace, Inc. (NYSE:DT)

Sei Investments Co. reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 820,165 shares of the company’s stock after selling 31,456 shares during the quarter. Sei Investments Co. owned about 0.27% of Dynatrace worth $44,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. UMB Bank n.a. grew its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after buying an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position 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 buying an additional 911 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Trading Up 1.7 %

DT opened at $50.66 on Tuesday. The company has a market cap of $15.17 billion, a P/E ratio of 31.67, a P/E/G 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 business’s 50-day moving average price is $55.61 and its 200-day moving average price is $54.48.

Insiders Place Their Bets

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 shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last ninety days. Company insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

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.