Assenagon Asset Management S.A. Purchases 585,675 Shares of Dynatrace, Inc. (NYSE:DT)

Assenagon Asset Management S.A. raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 464.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 711,756 shares of the company's stock after acquiring an additional 585,675 shares during the period. Assenagon Asset Management S.A. owned approximately 0.24% of Dynatrace worth $38,684,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DT. Cooper Financial Group increased its stake in Dynatrace by 6.0% in the 4th quarter. Cooper Financial Group now owns 15,391 shares of the company's stock worth $837,000 after acquiring an additional 871 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dynatrace by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company's stock valued at $604,000 after purchasing an additional 308 shares in the last quarter. Diversified Trust Co bought a new stake in Dynatrace in the fourth quarter worth $748,000. Nordea Investment Management AB raised its stake in Dynatrace by 8.4% during the fourth quarter. Nordea Investment Management AB now owns 20,444 shares of the company's stock valued at $1,113,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Dynatrace during the fourth quarter valued at $469,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DT shares. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Wedbush started coverage on Dynatrace in a research report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Cantor Fitzgerald started coverage on Dynatrace in a report on Friday. They issued a "neutral" rating and a $58.00 target price for the company. Finally, Jefferies Financial Group increased their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.92.

Dynatrace Trading Up 0.5 %

Shares of DT traded up $0.25 during midday trading on Friday, reaching $51.31. 3,070,671 shares of the stock were exchanged, compared to its average volume of 2,858,868. The company's 50 day moving average is $54.30 and its two-hundred day moving average is $51.19. The company has a market capitalization of $15.31 billion, a P/E ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is owned by company insiders.

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.