American Century Companies Inc. Grows Stake in Dynatrace, Inc. (NYSE:DT)

American Century Companies Inc. increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,570,364 shares of the company's stock after purchasing an additional 700,332 shares during the period. American Century Companies Inc. owned 2.53% of Dynatrace worth $411,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Dynatrace during the fourth quarter worth approximately $2,519,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after buying an additional 253 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at $405,000. Vinva Investment Management Ltd bought a new position in Dynatrace during the fourth quarter valued at about $373,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Dynatrace by 84.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 165,831 shares of the company's stock worth $9,019,000 after acquiring an additional 75,696 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. BMO Capital Markets decreased their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Morgan Stanley raised their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.35.

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Dynatrace Trading Down 1.3 %

NYSE DT traded down $0.65 during trading hours on Wednesday, hitting $50.53. 1,682,490 shares of the company's stock were exchanged, compared to its average volume of 3,137,804. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 7.05 and a beta of 1.12. The stock has a 50-day simple moving average of $55.61 and a 200 day simple moving average of $54.48. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace 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 directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company's stock.

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.