Alliance Wealth Advisors LLC UT Sells 376 Shares of Dynatrace, Inc. (NYSE:DT)

Alliance Wealth Advisors LLC UT lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,103 shares of the company’s stock after selling 376 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Dynatrace were worth $332,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Retirement Systems of Alabama grew its holdings in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Synovus Financial Corp increased its holdings in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after purchasing an additional 13,957 shares during the period. Crossmark Global Holdings Inc. raised its position in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after buying an additional 52,000 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DT. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research note on Wednesday, January 29th. Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada boosted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Cantor Fitzgerald decreased their price objective on shares of Dynatrace from $58.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, BTIG Research boosted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Dynatrace Price Performance

DT opened at $59.37 on Wednesday. The firm has a market capitalization of $17.77 billion, a PE ratio of 37.11, a P/E/G ratio of 8.37 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company’s 50-day moving average is $54.87 and its 200 day moving average is $52.25.

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.