Charles Schwab Investment Management Inc. Grows Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Charles Schwab Investment Management Inc. grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,052,244 shares of the company's stock after purchasing an additional 58,858 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Dynatrace worth $111,539,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama grew its holdings in Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 884,673 shares in the last quarter. Synovus Financial Corp grew its stake in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after acquiring an additional 13,957 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock worth $1,406,000 after acquiring an additional 9,444 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after acquiring an additional 9,251 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 in the last quarter. 0.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DT. Morgan Stanley lifted their target price on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. DA Davidson set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Barclays boosted their price target on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.25.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.01 during trading hours on Wednesday, reaching $49.30. 1,156,701 shares of the company were exchanged, compared to its average volume of 3,184,002. The firm has a market cap of $14.76 billion, a PE ratio of 30.88, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The stock's fifty day moving average is $56.22 and its 200 day moving average is $54.52.

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.