Hel Ved Capital Management Ltd Buys 17,000 Shares of Dynatrace, Inc. (NYSE:DT)

Hel Ved Capital Management Ltd boosted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 200.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,500 shares of the company's stock after purchasing an additional 17,000 shares during the quarter. Hel Ved Capital Management Ltd's holdings in Dynatrace were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DT. Captrust Financial Advisors bought a new position in shares of Dynatrace during the third quarter worth $327,000. Benjamin Edwards Inc. grew its stake in Dynatrace by 4,660.6% in the third quarter. Benjamin Edwards Inc. now owns 25,755 shares of the company's stock valued at $1,377,000 after acquiring an additional 25,214 shares during the period. HighTower Advisors LLC increased its holdings in shares of Dynatrace by 8.9% in the third quarter. HighTower Advisors LLC now owns 26,101 shares of the company's stock worth $1,398,000 after acquiring an additional 2,129 shares in the last quarter. Investment Management Corp of Ontario raised its position in shares of Dynatrace by 58.6% during the third quarter. Investment Management Corp of Ontario now owns 9,474 shares of the company's stock worth $507,000 after purchasing an additional 3,500 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Dynatrace by 322.2% during the 3rd quarter. Quantinno Capital Management LP now owns 147,748 shares of the company's stock valued at $7,900,000 after purchasing an additional 112,756 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Remove Ads

Dynatrace Price Performance

Shares of DT traded down $2.31 during midday trading on Thursday, hitting $42.75. 862,907 shares of the company traded hands, compared to its average volume of 3,196,169. The stock has a 50-day moving average of $53.29 and a 200-day moving average of $53.93. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market cap of $12.80 billion, a P/E ratio of 26.74, a PEG ratio of 7.05 and a beta of 1.05.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on DT. Morgan Stanley increased their target price on Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Truist Financial raised their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, DA Davidson set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.13.

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.