Dynatrace, Inc. (NYSE:DT) Stock Position Cut by Parkwood LLC

Parkwood LLC lessened its stake in Dynatrace, Inc. (NYSE:DT – Get Rating) by 60.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,666 shares of the company’s stock after selling 13,108 shares during the period. Parkwood LLC’s holdings in Dynatrace were worth $523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Metropolitan Life Insurance Co NY boosted its position in shares of Dynatrace by 1.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 12,414 shares of the company’s stock valued at $881,000 after purchasing an additional 205 shares in the last quarter. Nvwm LLC boosted its position in shares of Dynatrace by 4.2% during the 4th quarter. Nvwm LLC now owns 9,159 shares of the company’s stock valued at $553,000 after purchasing an additional 373 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Dynatrace by 1.7% during the 4th quarter. WINTON GROUP Ltd now owns 23,820 shares of the company’s stock valued at $1,438,000 after purchasing an additional 387 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Dynatrace by 48.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,190 shares of the company’s stock valued at $84,000 after purchasing an additional 388 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Dynatrace by 1.1% during the 3rd quarter. Utah Retirement Systems now owns 35,600 shares of the company’s stock valued at $2,527,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

DT stock traded down $0.69 during midday trading on Tuesday, hitting $32.81. 6,567,259 shares of the company traded hands, compared to its average volume of 3,181,875. Dynatrace, Inc. has a twelve month low of $29.41 and a twelve month high of $80.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.24. The business has a 50 day simple moving average of $41.57 and a 200-day simple moving average of $51.04. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 121.52, a price-to-earnings-growth ratio of 6.10 and a beta of 1.60.

In other news, CAO Alicia Allen sold 599 shares of the firm’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $43.49, for a total value of $26,050.51. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Bernd Greifeneder sold 2,676 shares of Dynatrace stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $43.49, for a total transaction of $116,379.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,131 shares of company stock worth $397,957. 0.88% of the stock is currently owned by corporate insiders.

DT has been the subject of several research reports. Canaccord Genuity Group reduced their price objective on shares of Dynatrace from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Loop Capital decreased their target price on shares of Dynatrace from $75.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, February 3rd. Canaccord Genuity Group decreased their target price on shares of Dynatrace from $80.00 to $60.00 in a report on Thursday, February 3rd. Royal Bank of Canada decreased their target price on shares of Dynatrace from $65.00 to $47.00 in a report on Friday. Finally, JMP Securities reiterated a “buy” rating and issued a $80.00 target price on shares of Dynatrace in a report on Tuesday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $64.44.

About Dynatrace (Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform for running and optimizing the applications and services. The company's products include AppMon that works in various application environments, such as Java, .NET, PHP, Node.js, GoLang, SQL, NoSQL, CICS, IMS, AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions; and Classic Real User Monitoring.

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