AGF Management Ltd. grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 42.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,860 shares of the company's stock after acquiring an additional 49,837 shares during the quarter. AGF Management Ltd. owned 0.06% of Dynatrace worth $9,069,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in DT. Assetmark Inc. lifted its holdings in shares of Dynatrace by 20.1% during the third quarter. Assetmark Inc. now owns 39,354 shares of the company's stock valued at $2,104,000 after purchasing an additional 6,581 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Dynatrace by 56.0% during the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after purchasing an additional 9,444 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Dynatrace during the third quarter valued at $600,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Dynatrace by 466.2% during the third quarter. Venturi Wealth Management LLC now owns 2,214 shares of the company's stock valued at $118,000 after purchasing an additional 1,823 shares in the last quarter. 94.28% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was 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 owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.
Dynatrace Stock Down 3.9 %
Shares of Dynatrace stock traded down $1.92 during trading on Thursday, reaching $47.30. The company's stock had a trading volume of 2,941,406 shares, compared to its average volume of 3,176,831. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a 50-day simple moving average of $55.98 and a two-hundred day simple moving average of $54.43.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, UBS Group upped their price target on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $63.25.
Read Our Latest Stock Report on DT
About Dynatrace
(
Free Report)
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.
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