EntryPoint Capital LLC Invests $353,000 in Dynatrace, Inc. (NYSE:DT)

EntryPoint Capital LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,497 shares of the company's stock, valued at approximately $353,000.

Several other hedge funds have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 176 shares during the period. Versant Capital Management Inc increased its stake in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after acquiring an additional 206 shares during the period. Virtue Capital Management LLC increased its stake in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after acquiring an additional 212 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after acquiring an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after acquiring an additional 253 shares during the period. Institutional investors own 94.28% of the company's stock.

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Dynatrace Stock Down 2.7 %

NYSE:DT traded down $1.32 during mid-day trading on Monday, reaching $47.10. 5,091,768 shares of the company were exchanged, compared to its average volume of 3,217,910. The stock has a market cap of $14.10 billion, a PE ratio of 29.44, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a fifty day moving average of $55.43 and a 200 day moving average of $54.43.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DT shares. UBS Group boosted their price objective on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $63.35.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was 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 owns 506,720 shares of the company's stock, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was 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 approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company's stock.

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.