Schroder Investment Management Group Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Schroder Investment Management Group purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,107 shares of the company's stock, valued at approximately $332,000.

Several other institutional investors have also modified their holdings of DT. Smartleaf Asset Management LLC raised its position in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace in the fourth quarter worth $38,000. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. UMB Bank n.a. lifted its position in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after buying an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after acquiring an additional 911 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Down 0.8 %

DT traded down $0.34 during midday trading on Friday, reaching $43.04. 3,207,357 shares of the company's stock were exchanged, compared to its average volume of 3,229,932. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The business has a 50-day simple moving average of $52.65 and a two-hundred day simple moving average of $53.80.

Remove Ads

Analysts Set New Price Targets

DT has been the topic of a number of recent research reports. Scotiabank boosted their target price on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. BMO Capital Markets cut their price objective on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and an average target price of $63.13.

Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of Dynatrace 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 completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 in the last 90 days. 0.59% of the stock is owned by corporate 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.