Orion Portfolio Solutions LLC Lowers Position in Dynatrace, Inc. (NYSE:DT)

Orion Portfolio Solutions LLC lessened its stake in Dynatrace, Inc. (NYSE:DT) by 40.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,703 shares of the company’s stock after selling 7,897 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dynatrace were worth $626,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DT. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace in the 2nd quarter worth approximately $26,000. Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% during the 3rd 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. raised its stake in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Dynatrace by 62.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 983 shares of the company’s stock worth $44,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group assumed coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. Guggenheim upped their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Barclays upped their target price on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Trading Up 1.3 %

NYSE DT opened at $55.50 on Wednesday. The stock has a market cap of $16.57 billion, a PE ratio of 100.91, a P/E/G ratio of 8.20 and a beta of 1.01. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a fifty day simple moving average of $54.78 and a 200-day simple moving average of $50.02.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,027 shares of company stock worth $3,168,084. 0.59% of the stock is currently owned by company insiders.

Dynatrace Company 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.