Allstate Corp Buys New Shares in Dynatrace, Inc. (NYSE:DT)

Allstate Corp bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,665 shares of the company's stock, valued at approximately $471,000.

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

Dynatrace Stock Performance

NYSE DT traded down $3.67 during trading hours on Friday, reaching $41.99. The company's stock had a trading volume of 4,230,789 shares, compared to its average volume of 3,218,154. The company's 50-day moving average is $54.75 and its two-hundred day moving average is $54.27. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The stock has a market cap of $12.57 billion, a PE ratio of 26.25, a PEG ratio of 7.05 and a beta of 1.05.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on DT shares. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Jefferies Financial Group dropped their price target on shares of Dynatrace from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.35.

Insider Buying and Selling at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on 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 directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. Corporate insiders own 0.59% of the company's stock.

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.