Avanza Fonder AB Buys New Position in Dynatrace, Inc. (NYSE:DT)

Avanza Fonder AB purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,153 shares of the company's stock, valued at approximately $1,095,000.

A number of other hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc raised its position in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC grew its stake in shares of Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after purchasing an additional 212 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after purchasing an additional 240 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock valued at $470,000 after acquiring an additional 248 shares during the last quarter. Finally, Riverview Trust Co boosted its holdings in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by insiders.

Dynatrace Stock Up 0.5 %

NYSE DT traded up $0.25 on Monday, reaching $51.31. The company had a trading volume of 3,070,671 shares, compared to its average volume of 2,224,432. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The stock's 50 day moving average is $54.27 and its 200-day moving average is $51.32. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a "buy" rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. UBS Group began coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a "neutral" rating and a $58.00 target price for the company. Guggenheim lowered Dynatrace from a "buy" rating to a "neutral" rating in a report on Monday, January 6th. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.92.

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.