Dynatrace, Inc. (NYSE:DT) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 657.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,800 shares of the company's stock after buying an additional 25,000 shares during the period. Canada Pension Plan Investment Board's holdings in Dynatrace were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in shares of Dynatrace by 15.7% during the third quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after acquiring an additional 2,177 shares in the last quarter. Barclays PLC increased its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after purchasing an additional 981,964 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Dynatrace in the third quarter worth $131,000. Tidal Investments LLC raised its holdings in shares of Dynatrace by 2.7% in the third quarter. Tidal Investments LLC now owns 35,113 shares of the company's stock worth $1,877,000 after buying an additional 923 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after buying an additional 13,957 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

DT stock traded up $0.30 during mid-day trading on Friday, reaching $46.43. 1,797,854 shares of the company's stock were exchanged, compared to its average volume of 3,222,667. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock's 50 day moving average is $49.15 and its 200 day moving average is $53.15. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company's stock, 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 this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated 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 transaction, 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 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 company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DT. Morgan Stanley reduced their target price on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets reduced their price objective on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Finally, Loop Capital decreased their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.95.

About Dynatrace

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.