Handelsbanken Fonder AB Acquires 292,400 Shares of Dynatrace, Inc. (NYSE:DT)

Handelsbanken Fonder AB increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,611,400 shares of the company's stock after acquiring an additional 292,400 shares during the quarter. Handelsbanken Fonder AB owned 0.87% of Dynatrace worth $141,930,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the period. Capital Performance Advisors LLP acquired a new position in Dynatrace in the 3rd quarter valued at approximately $52,000. UMB Bank n.a. increased its stake in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after buying an additional 541 shares during the period. First Horizon Advisors Inc. increased its stake in Dynatrace by 53.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company's stock valued at $81,000 after buying an additional 527 shares during the period. Finally, Financial Life Planners acquired a new position in Dynatrace in the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Down 2.4 %

Dynatrace stock traded down $1.45 during mid-day trading on Friday, reaching $59.79. The company had a trading volume of 2,823,669 shares, compared to its average volume of 3,433,855. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The company has a 50 day moving average of $55.97 and a 200-day moving average of $53.71. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 7.10 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research firms have weighed in on DT. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research note on Tuesday. Stifel Nicolaus increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.04.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,459 shares of company stock valued at $10,052,682 in the last ninety days. Company insiders own 0.59% of the company's stock.

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.