FIL Ltd Has $2.43 Million Position in Dynatrace, Inc. (NYSE:DT)

FIL Ltd raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,661 shares of the company's stock after purchasing an additional 6,145 shares during the quarter. FIL Ltd's holdings in Dynatrace were worth $2,427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its stake in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after buying an additional 64,999 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after acquiring an additional 884,673 shares in the last quarter. Synovus Financial Corp increased its position in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after acquiring an additional 13,957 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after acquiring an additional 9,251 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Dynatrace during the fourth quarter valued at approximately $842,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Performance

Shares of DT stock traded down $0.12 during trading on Friday, hitting $43.08. The company had a trading volume of 2,457,219 shares, compared to its average volume of 3,234,995. The stock's 50-day moving average price is $51.28 and its 200 day moving average price is $53.52. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm has a market capitalization of $12.90 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Activity

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.