Coronation Fund Managers Ltd. Raises Position in Dynatrace, Inc. (NYSE:DT)

Coronation Fund Managers Ltd. grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291,627 shares of the company's stock after acquiring an additional 5,225 shares during the period. Dynatrace comprises approximately 0.9% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its 29th biggest holding. Coronation Fund Managers Ltd. owned approximately 0.10% of Dynatrace worth $15,850,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC increased its holdings in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after buying an additional 212 shares during the period. Atria Investments Inc raised its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after buying an additional 240 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock worth $470,000 after buying an additional 248 shares during the period. Finally, Riverview Trust Co boosted its position in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial boosted their price target on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, UBS Group increased their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $61.74.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,459 shares of company stock worth $5,177,882 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

Dynatrace Price Performance

DT traded up $0.02 during trading on Thursday, reaching $62.44. 3,708,745 shares of the company's stock were exchanged, compared to its average volume of 3,586,127. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The company's fifty day simple moving average is $55.44 and its 200-day simple moving average is $53.01. The stock has a market capitalization of $18.69 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04.

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.