New Century Financial Group LLC Sells 585 Shares of Dynatrace, Inc. (NYSE:DT)

New Century Financial Group LLC trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 10.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,163 shares of the company’s stock after selling 585 shares during the quarter. New Century Financial Group LLC’s holdings in Dynatrace were worth $283,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the period. UMB Bank n.a. lifted its stake in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares in the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Dynatrace in the third quarter valued at approximately $52,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DT has been the subject of several recent research reports. Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, UBS Group initiated coverage on Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.68.

Dynatrace Price Performance

DT stock opened at $55.64 on Friday. The business’s fifty day moving average price is $54.25 and its two-hundred day moving average price is $51.47. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 101.16, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is owned by insiders.

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.