Corient Private Wealth LLC Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Corient Private Wealth LLC bought a new stake in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, Holdings Channel reports. The fund bought 4,749 shares of the company’s stock, valued at approximately $258,000.

Several other hedge funds also recently modified their holdings of DT. Cerity Partners LLC lifted its holdings in Dynatrace by 291.2% in the third quarter. Cerity Partners LLC now owns 19,478 shares of the company’s stock valued at $1,041,000 after buying an additional 14,499 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Dynatrace by 40.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company’s stock valued at $12,410,000 after acquiring an additional 67,380 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Dynatrace by 12.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,924 shares of the company’s stock valued at $477,000 after purchasing an additional 973 shares during the period. Captrust Financial Advisors bought a new position in shares of Dynatrace in the 3rd quarter worth $327,000. Finally, Fred Alger Management LLC grew its stake in shares of Dynatrace by 99.9% during the third quarter. Fred Alger Management LLC now owns 1,761 shares of the company’s stock worth $94,000 after purchasing an additional 880 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of recent analyst reports. UBS Group raised their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus upped 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. Finally, DA Davidson set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last three months. Insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 2.7 %

Dynatrace stock opened at $47.10 on Tuesday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a fifty day simple moving average of $55.43 and a 200 day simple moving average of $54.43. The company has a market cap of $14.10 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.