Alliancebernstein L.P. Buys 234,410 Shares of Dynatrace, Inc. (NYSE:DT)

Alliancebernstein L.P. lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,041 shares of the company's stock after acquiring an additional 234,410 shares during the period. Alliancebernstein L.P. owned approximately 0.22% of Dynatrace worth $36,199,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DT. Norges Bank bought a new stake in Dynatrace during the fourth quarter valued at $192,284,000. Raymond James Financial Inc. bought a new stake in Dynatrace during the fourth quarter valued at $102,209,000. TimesSquare Capital Management LLC bought a new stake in Dynatrace during the fourth quarter valued at $73,906,000. State Street Corp boosted its stake in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after buying an additional 1,207,621 shares during the period. Finally, Barclays PLC boosted its stake in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after buying an additional 981,964 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $2.00 during trading on Thursday, reaching $43.06. 383,746 shares of the stock traded hands, compared to its average volume of 3,216,943. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 7.05 and a beta of 1.05. The business has a fifty day simple moving average of $53.29 and a two-hundred day simple moving average of $53.93. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

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Analysts Set New Price Targets

Several research firms recently issued reports on DT. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. BMO Capital Markets lowered their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.13.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was 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 owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

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.