Dynatrace, Inc. (NYSE:DT) Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. boosted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 76.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,579 shares of the company's stock after buying an additional 63,718 shares during the quarter. Capital Fund Management S.A.'s holdings in Dynatrace were worth $8,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Dynatrace in the fourth quarter valued at $192,284,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the 4th quarter valued at about $102,209,000. TimesSquare Capital Management LLC purchased a new position in Dynatrace during the 4th quarter worth approximately $73,906,000. Barclays PLC increased its position in Dynatrace by 85.3% during the third 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 period. Finally, Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after buying an additional 884,673 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on DT. Wedbush reiterated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Jefferies Financial Group cut their price target on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.83.

Dynatrace Stock Performance

NYSE DT traded down $0.12 during trading hours on Friday, reaching $43.08. The company's stock had a trading volume of 2,457,219 shares, compared to its average volume of 3,234,995. The stock has a market cap of $12.90 billion, a PE ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05. The company's 50-day moving average is $51.28 and its two-hundred day moving average is $53.52. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 over the last ninety days. 0.59% of the stock is currently 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.