F M Investments LLC lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,567 shares of the company's stock after purchasing an additional 8,932 shares during the quarter. F M Investments LLC's holdings in Dynatrace were worth $6,172,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC grew its holdings in shares of 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 acquiring an additional 530 shares in the last quarter. Huntington National Bank grew its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after acquiring an additional 541 shares during the last quarter. Institutional investors own 94.28% of the company's stock.
Insider Buying and Selling
In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.
Dynatrace Price Performance
NYSE:DT traded up $0.27 during trading hours on Tuesday, reaching $43.64. 1,545,687 shares of the company were exchanged, compared to its average volume of 3,228,173. The business has a 50 day moving average of $52.31 and a 200 day moving average of $53.74. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company has a market capitalization of $13.06 billion, a P/E ratio of 27.28, a P/E/G ratio of 7.05 and a beta of 1.05.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, DA Davidson reduced their price target on Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $62.35.
View Our Latest Analysis on Dynatrace
About Dynatrace
(
Free Report)
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.
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