Harbor Capital Advisors Inc. Reduces Stock Position in Dynatrace, Inc. (NYSE:DT)

Harbor Capital Advisors Inc. lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 103,864 shares of the company’s stock after selling 1,280 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Dynatrace were worth $5,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. State Street Corp boosted its stake in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC boosted its position in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares in the last quarter. RGM Capital LLC grew its holdings in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares during the period. Eminence Capital LP bought a new position in shares of Dynatrace in the 2nd quarter worth approximately $158,369,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 3.0 %

DT opened at $50.64 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a 50 day moving average price of $54.63 and a 200-day moving average price of $51.00. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 92.07, a PEG ratio of 8.20 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DT shares. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Finally, BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.08.

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.