Franklin Resources Inc. Buys 66,638 Shares of Dynatrace, Inc. (NYSE:DT)

Franklin Resources Inc. raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 460.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,099 shares of the company's stock after buying an additional 66,638 shares during the quarter. Franklin Resources Inc.'s holdings in Dynatrace were worth $4,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after buying an additional 484,877 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after purchasing an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after purchasing an additional 834,225 shares during the last quarter. Geode Capital Management LLC increased its position in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Finally, Norges Bank bought a new position in Dynatrace in the 4th quarter valued at approximately $192,284,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 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. Insiders have sold 117,432 shares of company stock valued at $7,159,599 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DT. Scotiabank upped their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. BMO Capital Markets cut their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Robert W. Baird set a $65.00 price target on Dynatrace in a report on Friday, January 31st. UBS Group raised their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, DA Davidson reduced their target price on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a report on Monday. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.35.

Dynatrace Trading Up 0.5 %

NYSE DT traded up $0.20 on Tuesday, hitting $43.57. 1,866,230 shares of the company were exchanged, compared to its average volume of 3,229,559. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The company has a market cap of $13.04 billion, a PE ratio of 27.23, a PEG ratio of 7.05 and a beta of 1.05. The stock has a fifty day moving average of $52.31 and a 200-day moving average of $53.74.

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.