Keybank National Association OH Acquires 554,854 Shares of Dynatrace, Inc. (NYSE:DT)

Keybank National Association OH increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 4,269.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,850 shares of the company's stock after purchasing an additional 554,854 shares during the period. Keybank National Association OH owned approximately 0.19% of Dynatrace worth $30,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in 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 purchasing an additional 1,207,621 shares during the last quarter. 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 worth $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 worth $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 worth $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 worth $141,930,000 after purchasing an additional 292,400 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm'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 value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,459 shares of company stock valued at $7,161,182. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $1.05 during midday trading on Wednesday, reaching $56.15. The company's stock had a trading volume of 2,467,525 shares, compared to its average volume of 3,242,818. The firm has a 50 day moving average price of $56.51 and a two-hundred day moving average price of $54.46. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 7.05 and a beta of 1.12.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.25.

About Dynatrace

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.