APG Asset Management N.V. Raises Holdings in Dynatrace, Inc. (NYSE:DT)

APG Asset Management N.V. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 467.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 211,801 shares of the company's stock after purchasing an additional 174,444 shares during the period. APG Asset Management N.V. owned 0.07% of Dynatrace worth $11,117,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC raised its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after buying an additional 884,673 shares during the period. Synovus Financial Corp boosted its stake in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after acquiring an additional 9,251 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $842,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on 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 $33,700,171.28. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last three months. Corporate insiders own 0.59% of the company's stock.

Analyst Ratings Changes

DT has been the subject of several research analyst reports. DA Davidson reduced their target price on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. 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. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and an average target price of $62.35.

Dynatrace Trading Up 0.2 %

NYSE DT traded up $0.11 on Tuesday, hitting $43.48. 2,473,855 shares of the company were exchanged, compared to its average volume of 3,235,394. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market cap of $13.02 billion, a PE ratio of 27.17, a PEG ratio of 7.05 and a beta of 1.05. The stock has a fifty day moving average of $52.31 and a 200-day moving average of $53.74.

About Dynatrace

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.