470,000 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 470,000 shares of the company's stock, valued at approximately $25,544,000. Clal Insurance Enterprises Holdings Ltd owned about 0.16% of Dynatrace as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter valued at approximately $38,000. Jones Financial Companies Lllp raised its holdings in Dynatrace by 36.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,813 shares of the company's stock valued at $99,000 after buying an additional 482 shares during the period. SRS Capital Advisors Inc. lifted its position in Dynatrace by 100.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,599 shares of the company's stock worth $87,000 after buying an additional 803 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the period. Finally, Bridges Investment Management Inc. increased its position in Dynatrace by 20.0% during the fourth quarter. Bridges Investment Management Inc. now owns 13,639 shares of the company's stock valued at $741,000 after acquiring an additional 2,273 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated 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 sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,459 shares of company stock valued at $7,161,182 in the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

NYSE DT traded up $1.05 during mid-day trading on Wednesday, reaching $56.15. 2,467,523 shares of the stock were exchanged, compared to its average volume of 3,246,573. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The business's 50 day moving average is $56.48 and its 200-day moving average is $54.45. The company has a market capitalization of $16.81 billion, a P/E ratio of 35.10, a P/E/G ratio of 7.05 and a beta of 1.12.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DT shares. DA Davidson set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. UBS Group raised their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $63.25.

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.