Renaissance Technologies LLC grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 151.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,167,058 shares of the company's stock after buying an additional 702,958 shares during the period. Renaissance Technologies LLC owned 0.39% of Dynatrace worth $63,430,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in Dynatrace during the fourth quarter valued at $192,284,000. Raymond James Financial Inc. bought a new stake in Dynatrace in the fourth quarter worth approximately $102,209,000. TimesSquare Capital Management LLC acquired a new position in Dynatrace in the fourth quarter valued at approximately $73,906,000. Barclays PLC boosted its holdings in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after buying an additional 981,964 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after buying an additional 884,673 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.
Insider Activity
In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were 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 trade represents a 6.79 % 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 three months. Company insiders own 0.59% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on DT shares. BMO Capital Markets reduced their price target on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. UBS Group upped their price target on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Wedbush reaffirmed an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.35.
Check Out Our Latest Research Report on DT
Dynatrace Trading Up 0.8 %
Shares of NYSE:DT traded up $0.35 during midday trading on Tuesday, reaching $43.72. The company had a trading volume of 1,476,558 shares, compared to its average volume of 3,227,912. The stock has a market cap of $13.09 billion, a P/E ratio of 27.33, a P/E/G ratio of 7.05 and a beta of 1.05. The company's 50 day moving average price is $52.31 and its 200 day moving average price is $53.74. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.
About Dynatrace
(
Free Report)
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.
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