Franklin Resources Inc. Cuts Stake in Dynatrace, Inc. (NYSE:DT)

Franklin Resources Inc. cut its stake in Dynatrace, Inc. (NYSE:DT) by 12.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,461 shares of the company’s stock after selling 2,140 shares during the quarter. Franklin Resources Inc.’s holdings in Dynatrace were worth $790,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp raised its holdings in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after acquiring an additional 13,957 shares during the last quarter. Tidal Investments LLC raised its stake in Dynatrace by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock valued at $1,877,000 after purchasing an additional 923 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Dynatrace in the 3rd quarter valued at $131,000. TD Private Client Wealth LLC boosted its stake in Dynatrace by 3.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 22,570 shares of the company’s stock worth $1,207,000 after purchasing an additional 675 shares during the last quarter. Finally, Virtue Capital Management LLC boosted its stake in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DT. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Finally, Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,027 shares of company stock worth $3,168,084 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Down 0.7 %

NYSE DT opened at $54.69 on Monday. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 99.44, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The business has a fifty day moving average of $54.81 and a 200-day moving average of $50.48. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

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.