Andra AP fonden Purchases 10,900 Shares of Dynatrace, Inc. (NYSE:DT)

Andra AP fonden raised its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,100 shares of the company's stock after purchasing an additional 10,900 shares during the period. Andra AP fonden owned 0.05% of Dynatrace worth $8,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DT. Gulf International Bank UK Ltd boosted its holdings in shares of Dynatrace by 10.9% in the third quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company's stock valued at $1,182,000 after buying an additional 2,167 shares during the period. Portside Wealth Group LLC increased its holdings in Dynatrace by 20.3% during 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 acquired a new stake in shares of Dynatrace in the 3rd quarter valued at about $52,000. Assetmark Inc. raised its stake in shares of Dynatrace by 20.1% in the 3rd 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 during the period. Finally, 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 valued at $385,000 after purchasing an additional 240 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

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Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.04 during trading on Wednesday, reaching $49.27. 2,211,686 shares of the company's stock were exchanged, compared to its average volume of 3,187,609. 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 P/E ratio of 30.80, a PEG ratio of 7.05 and a beta of 1.12. The firm's 50-day moving average price is $56.22 and its 200 day moving average price is $54.52.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. 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 insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DT shares. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Robert W. Baird set a $65.00 price target on Dynatrace in a research note on Friday, January 31st. DA Davidson set a $70.00 price objective on Dynatrace in a research note on Friday, January 31st. Finally, Royal Bank of Canada raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.25.

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.