California Public Employees Retirement System increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,337,821 shares of the company's stock after buying an additional 11,723 shares during the period. California Public Employees Retirement System owned about 0.45% of Dynatrace worth $72,711,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% in the fourth 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. acquired a new stake in Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC increased its position in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Dynatrace by 75.3% in the fourth 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. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock worth $78,000 after acquiring an additional 911 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently commented on the company. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. 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 note on Friday, January 31st. Finally, Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.35.
Get Our Latest Report on DT
Insider Activity
In other news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 over the last ninety days. Corporate insiders own 0.59% of the company's stock.
Dynatrace Stock Performance
Shares of DT stock traded up $0.63 on Wednesday, hitting $48.46. The stock had a trading volume of 2,259,361 shares, compared to its average volume of 3,219,452. The stock's 50 day moving average is $55.21 and its 200-day moving average is $54.37. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.
About Dynatrace
(
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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