Dynatrace, Inc. (NYSE:DT) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 77.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,934 shares of the company's stock after acquiring an additional 25,678 shares during the quarter. Federated Hermes Inc.'s holdings in Dynatrace were worth $3,203,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new position in Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the period. Huntington National Bank raised its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after buying an additional 606 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after acquiring an additional 541 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was 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 directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were 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 of the company's stock, valued at approximately $2,220,354.48. This trade represents 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. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Down 0.3 %

NYSE:DT 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 3,234,995. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00. The stock has a market capitalization of $12.90 billion, a P/E ratio of 26.93, a P/E/G ratio of 7.05 and a beta of 1.05. The firm has a 50 day simple moving average of $51.28 and a 200-day simple moving average of $53.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DT shares. 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 raised their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, 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 research report on Monday, March 17th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.83.

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.