TimesSquare Capital Management LLC Purchases Shares of 1,359,819 Dynatrace, Inc. (NYSE:DT)

TimesSquare Capital Management LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,359,819 shares of the company's stock, valued at approximately $73,906,000. Dynatrace comprises 1.1% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 28th largest position. TimesSquare Capital Management LLC owned approximately 0.46% of Dynatrace as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DT. Holocene Advisors LP bought a new position in shares of Dynatrace during the 3rd quarter worth approximately $126,592,000. State Street Corp lifted its position 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 worth $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Barclays PLC lifted its position in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after buying an additional 981,964 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after buying an additional 884,673 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in shares of Dynatrace by 55.3% during the 4th quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company's stock worth $133,407,000 after buying an additional 874,429 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity

In related news, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock worth $10,052,682 in the last three months. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Loop Capital lifted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.04.

Dynatrace Trading Down 2.4 %

Shares of DT traded down $1.45 during mid-day trading on Friday, reaching $59.79. 2,823,669 shares of the stock traded hands, compared to its average volume of 3,433,855. The firm has a fifty day moving average price of $56.08 and a 200 day moving average price of $53.84. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 7.10 and a beta of 1.04. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

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.