AlphaQuest LLC lifted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2,250,100.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,502 shares of the company's stock after buying an additional 22,501 shares during the quarter. AlphaQuest LLC's holdings in Dynatrace were worth $1,223,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of DT. Portside Wealth Group LLC lifted its holdings in Dynatrace by 20.3% in the 3rd quarter. Portside Wealth Group LLC now owns 6,393 shares of the company's stock worth $342,000 after purchasing an additional 1,077 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the third quarter valued at approximately $52,000. Assetmark Inc. raised its position 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 buying an additional 6,581 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after buying an additional 240 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position 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 worth $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Institutional investors own 94.28% of the company's stock.
Insiders Place Their Bets
In other news, CEO Rick M. Mcconnell sold 40,000 shares of the 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 transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.
Dynatrace Stock Down 0.1 %
Shares of Dynatrace stock traded down $0.04 during trading on Wednesday, reaching $49.27. The company's stock had a trading volume of 2,211,752 shares, compared to its average volume of 3,179,347. The company has a 50-day simple moving average of $56.12 and a two-hundred day simple moving average of $54.48. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 7.05 and a beta of 1.12.
Analyst Ratings Changes
A number of brokerages have issued reports on DT. Wedbush reiterated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, 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. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.25.
Read Our Latest Stock Report on DT
Dynatrace Company Profile
(
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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