Jump Financial LLC Buys Shares of 22,809 Dynatrace, Inc. (NYSE:DT)

Jump Financial LLC purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,809 shares of the company's stock, valued at approximately $1,240,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the fourth 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. Huntington National Bank increased its position in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after acquiring an additional 541 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DT. Loop Capital dropped their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Stifel Nicolaus increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley cut their target price on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.95.

Insider Activity at Dynatrace

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

Dynatrace Stock Performance

NYSE DT traded up $0.30 on Friday, reaching $46.43. 1,797,854 shares of the stock traded hands, compared to its average volume of 3,217,475. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a fifty day moving average price of $49.15 and a 200-day moving average price of $53.16. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 7.05 and a beta of 1.05.

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.