224,467 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 224,467 shares of the company's stock, valued at approximately $12,200,000. Arrowstreet Capital Limited Partnership owned 0.07% of Dynatrace at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. boosted its stake 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 purchasing an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Dynatrace by 173.2% in the 4th 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 in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, 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 a total of 117,432 shares of company stock valued at $7,159,599 in the last three months. 0.59% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

DT has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.13.

Dynatrace Trading Down 3.2 %

Dynatrace stock traded down $1.44 during midday trading on Thursday, hitting $43.62. The stock had a trading volume of 309,992 shares, compared to its average volume of 3,187,989. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm's fifty day moving average is $53.29 and its two-hundred day moving average is $53.93. The company has a market capitalization of $13.06 billion, a PE ratio of 27.26, a P/E/G ratio of 7.05 and a beta of 1.05.

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.