Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.51 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 42.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 101,446 shares of the company's stock after acquiring an additional 30,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Dynatrace were worth $5,514,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the period. Geode Capital Management LLC lifted its holdings in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC lifted its holdings in Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after purchasing an additional 494,028 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock valued at $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Dynatrace by 12.6% during the 4th quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company's stock valued at $141,930,000 after purchasing an additional 292,400 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of several analyst reports. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $63.25.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,459 shares of company stock valued at $10,052,682. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

NYSE:DT traded down $0.05 during trading hours on Friday, hitting $57.26. The stock had a trading volume of 2,689,591 shares, compared to its average volume of 3,352,425. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04. The business's 50 day moving average is $56.46 and its 200-day moving average is $54.27.

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.