Bridgewater Associates LP Acquires 157,249 Shares of Dynatrace, Inc. (NYSE:DT)

Bridgewater Associates LP increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 137.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,877 shares of the company's stock after buying an additional 157,249 shares during the period. Bridgewater Associates LP owned 0.09% of Dynatrace worth $14,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Retirement Systems of Alabama raised its position in shares of Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock worth $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after buying an additional 13,957 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after buying an additional 9,251 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $842,000. Finally, Allstate Corp bought a new position in Dynatrace in the 4th quarter valued at approximately $471,000. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value 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. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last 90 days. Insiders own 0.59% of the company's stock.

Dynatrace Trading Down 0.3 %

Shares of DT stock traded down $0.12 during trading hours on Friday, reaching $43.08. 2,457,219 shares of the stock were exchanged, compared to its average volume of 3,226,094. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company's 50-day moving average price is $50.91 and its 200-day moving average price is $53.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird set a $65.00 price target on Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, DA Davidson dropped their target price on Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.83.

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.