Pictet Asset Management Holding SA Acquires 834,225 Shares of Dynatrace, Inc. (NYSE:DT)

Pictet Asset Management Holding SA lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,025,949 shares of the company's stock after purchasing an additional 834,225 shares during the period. Pictet Asset Management Holding SA owned 2.35% of Dynatrace worth $381,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC raised its position in shares of Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after purchasing an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position 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 valued at $3,583,000 after purchasing an additional 253 shares during the period. Institutional investors own 94.28% of the company's stock.

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Analyst Ratings Changes

DT has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. BMO Capital Markets lowered their target price on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Royal Bank of Canada lifted their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price objective on Dynatrace in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.35.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. 0.59% of the stock is currently owned by insiders.

Dynatrace Trading Up 0.7 %

NYSE:DT traded up $0.35 on Tuesday, hitting $47.50. The company's stock had a trading volume of 989,105 shares, compared to its average volume of 3,137,607. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The firm has a market capitalization of $14.22 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock has a fifty day moving average of $55.43 and a two-hundred day moving average of $54.43.

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.