Elo Mutual Pension Insurance Co Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Elo Mutual Pension Insurance Co raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,564 shares of the company's stock after acquiring an additional 5,417 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Dynatrace were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Dynatrace by 291.2% during the third quarter. Cerity Partners LLC now owns 19,478 shares of the company's stock worth $1,041,000 after purchasing an additional 14,499 shares during the period. Algert Global LLC purchased a new stake in shares of Dynatrace during the third quarter valued at approximately $639,000. Daiwa Securities Group Inc. raised its stake in shares of Dynatrace by 13.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 26,579 shares of the company's stock worth $1,421,000 after purchasing an additional 3,200 shares during the period. The Manufacturers Life Insurance Company raised its position in Dynatrace by 40.9% in the third quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company's stock worth $12,410,000 after acquiring an additional 67,380 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Dynatrace by 12.2% in the third quarter. D.A. Davidson & CO. now owns 8,924 shares of the company's stock valued at $477,000 after purchasing an additional 973 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DT. Barclays boosted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. UBS Group raised their price target on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, DA Davidson set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average target price of $63.35.

Dynatrace Trading Down 6.2 %

DT stock traded down $3.02 during trading on Thursday, hitting $45.35. 673,148 shares of the company's stock were exchanged, compared to its average volume of 3,117,473. The business has a 50-day moving average price of $55.21 and a two-hundred day moving average price of $54.37. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction 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 transaction, the director now owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by insiders.

Dynatrace 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.