Stanley Laman Group Ltd. Sells 706 Shares of Dynatrace, Inc. (NYSE:DT)

Stanley Laman Group Ltd. reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,742 shares of the company’s stock after selling 706 shares during the period. Stanley Laman Group Ltd.’s holdings in Dynatrace were worth $638,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Versant Capital Management Inc raised its position in Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares during the last quarter. Virtue Capital Management LLC raised its position 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. Atria Investments Inc raised its position in Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Dynatrace by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares in the last quarter. Finally, Riverview Trust Co raised its position in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred 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 in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,459 shares of company stock worth $5,177,882. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT stock opened at $62.44 on Friday. The company has a market capitalization of $18.69 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The business has a 50-day simple moving average of $55.44 and a two-hundred day simple moving average of $53.01.

Analyst Ratings Changes

Several research analysts have recently weighed in on DT shares. Loop Capital lifted their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.74.

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.