DSM Capital Partners LLC Grows Position in Dynatrace, Inc. (NYSE:DT)

DSM Capital Partners LLC boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 55.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,454,582 shares of the company's stock after acquiring an additional 874,429 shares during the quarter. Dynatrace accounts for about 2.1% of DSM Capital Partners LLC's investment portfolio, making the stock its 16th largest holding. DSM Capital Partners LLC owned approximately 0.82% of Dynatrace worth $133,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after buying an additional 206 shares during the period. Virtue Capital Management LLC lifted its holdings in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after buying an additional 212 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after buying an additional 222 shares during the period. Atria Investments Inc lifted its holdings in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after buying an additional 240 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in Dynatrace by 2.9% in the 3rd 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. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Down 2.4 %

Shares of Dynatrace stock traded down $1.45 on Friday, reaching $59.79. The company's stock had a trading volume of 2,823,669 shares, compared to its average volume of 3,433,855. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. The firm's fifty day simple moving average is $56.08 and its two-hundred day simple moving average is $53.84. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,459 shares of company stock valued at $10,052,682. Corporate insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DT. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday. Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank raised their target price on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.04.

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.