Asset Management One Co. Ltd. Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Asset Management One Co. Ltd. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,916 shares of the company's stock after purchasing an additional 8,967 shares during the period. Asset Management One Co. Ltd.'s holdings in Dynatrace were worth $6,394,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Holocene Advisors LP purchased a new position in shares of Dynatrace in the third quarter worth about $126,592,000. State Street Corp increased its holdings in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Barclays PLC raised its position in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after buying an additional 981,964 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock valued at $144,571,000 after acquiring an additional 648,808 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

DT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.04.

Dynatrace Price Performance

DT stock traded down $1.45 during trading on Friday, hitting $59.79. The stock had a trading volume of 2,823,669 shares, compared to its average volume of 3,429,649. The company's 50-day moving average price is $55.97 and its two-hundred day moving average price is $53.71. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The stock has a market capitalization of $17.90 billion, a P/E ratio of 37.37, a PEG ratio of 7.10 and a beta of 1.04.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is owned by insiders.

Dynatrace Company 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.