Arizona State Retirement System grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,527 shares of the company's stock after acquiring an additional 5,361 shares during the quarter. Arizona State Retirement System's holdings in Dynatrace were worth $4,703,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace in the fourth quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the third quarter valued at approximately $52,000. Finally, UMB Bank n.a. raised its holdings in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after acquiring an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.
Insider Buying and Selling
In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the 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 sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. Company insiders own 0.59% of the company's stock.
Dynatrace Stock Performance
Shares of NYSE DT traded down $0.04 during midday trading on Wednesday, reaching $49.27. The stock had a trading volume of 1,477,771 shares, compared to its average volume of 3,187,605. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The stock has a 50-day moving average of $56.22 and a 200-day moving average of $54.52.
Wall Street Analyst Weigh In
DT has been the topic of several recent analyst reports. Robert W. Baird set a $65.00 target price on Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Stifel Nicolaus boosted their target price on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. DA Davidson set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.
Check Out Our Latest Stock Analysis on DT
Dynatrace 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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