Cullinan Associates Inc. Reduces Position in Dynatrace, Inc. (NYSE:DT)

Cullinan Associates Inc. lowered its position in Dynatrace, Inc. (NYSE:DT) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,000 shares of the company’s stock after selling 9,036 shares during the quarter. Cullinan Associates Inc.’s holdings in Dynatrace were worth $5,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC grew its holdings in shares of 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 period. Atria Investments Inc lifted its stake in shares of Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in 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 during the period. Finally, Riverview Trust Co lifted its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of DT opened at $58.88 on Tuesday. The stock has a fifty day moving average price of $54.80 and a two-hundred day moving average price of $52.14. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 8.37 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several research reports. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday. Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday. Loop Capital increased their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Barclays lifted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.