Clearbridge Investments LLC Acquires 175,047 Shares of Dynatrace, Inc. (NYSE:DT)

Clearbridge Investments LLC increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,207,192 shares of the company's stock after buying an additional 175,047 shares during the period. Clearbridge Investments LLC owned 0.74% of Dynatrace worth $119,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. California Public Employees Retirement System raised its holdings in Dynatrace by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 1,337,821 shares of the company's stock worth $72,711,000 after purchasing an additional 11,723 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Dynatrace in the 4th quarter worth about $332,000. Arrowstreet Capital Limited Partnership purchased a new position in Dynatrace during the 4th quarter valued at about $12,200,000. Intrust Bank NA bought a new stake in Dynatrace during the fourth quarter worth about $228,000. Finally, Allstate Corp bought a new stake in Dynatrace during the fourth quarter worth about $471,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Dynatrace stock traded up $0.63 during mid-day trading on Wednesday, hitting $48.46. The company's stock had a trading volume of 2,259,361 shares, compared to its average volume of 3,216,085. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The stock has a market cap of $14.51 billion, a PE ratio of 30.29, a P/E/G ratio of 7.05 and a beta of 1.12. The company has a 50 day moving average of $55.33 and a 200-day moving average of $54.41.

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Wall Street Analyst Weigh In

DT has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on Dynatrace from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday. Truist Financial raised their price target on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Wedbush reiterated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Finally, DA Davidson set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.35.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction 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 directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was 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 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 worth $7,159,599 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

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.