Jump Financial LLC Acquires New Shares in Dynatrace, Inc. (NYSE:DT)

Jump Financial LLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,809 shares of the company's stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridgewater Associates LP grew its stake in shares of Dynatrace by 137.2% during the fourth quarter. Bridgewater Associates LP now owns 271,877 shares of the company's stock worth $14,777,000 after purchasing an additional 157,249 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Dynatrace in the 4th quarter valued at approximately $709,000. Mariner LLC boosted its stake in Dynatrace by 0.4% during the 4th quarter. Mariner LLC now owns 145,979 shares of the company's stock worth $7,934,000 after acquiring an additional 637 shares during the last quarter. Synovus Financial Corp grew its holdings in Dynatrace by 1.3% during the fourth quarter. Synovus Financial Corp now owns 64,950 shares of the company's stock valued at $3,530,000 after purchasing an additional 857 shares during the period. Finally, Whetstone Capital Advisors LLC grew its holdings in Dynatrace by 1.8% during the fourth quarter. Whetstone Capital Advisors LLC now owns 68,191 shares of the company's stock valued at $3,706,000 after purchasing an additional 1,208 shares during the period. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Loop Capital lowered their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday. Barclays cut their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a report on Monday. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Jefferies Financial Group cut their price target on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average price target of $60.95.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last 90 days. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.32 during trading hours on Friday, reaching $46.45. 990,787 shares of the stock were exchanged, compared to its average volume of 3,214,663. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 7.05 and a beta of 1.05. The stock's fifty day simple moving average is $49.46 and its 200 day simple moving average is $53.20. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week 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.