11,522 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,522 shares of the company's stock, valued at approximately $626,000.

Several other hedge funds have also recently bought and sold shares of the stock. 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. Paladin Wealth LLC bought a new stake in Dynatrace in the 3rd quarter valued at approximately $38,000. UMB Bank n.a. boosted its position in 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 acquiring an additional 535 shares during the last quarter. 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.

Dynatrace Stock Performance

Shares of NYSE DT traded down $1.03 during trading hours on Friday, reaching $61.35. 2,887,772 shares of the stock were exchanged, compared to its average volume of 3,562,843. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. The stock's fifty day simple moving average is $55.52 and its 200 day simple moving average is $53.08. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.

Insiders Place Their Bets

In other news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $2,891,500.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold 87,459 shares of company stock worth $5,177,882 in the last 90 days. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on DT shares. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Barclays increased their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. 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. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $61.74.

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.