Globeflex Capital L P Buys New Position in Dynatrace, Inc. (NYSE:DT)

Globeflex Capital L P acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,900 shares of the company's stock, valued at approximately $484,000.

Other institutional investors have also recently made changes to their positions in the company. Holocene Advisors LP purchased a new position in shares of Dynatrace during the third quarter valued at about $126,592,000. Raymond James Financial Inc. purchased a new position in Dynatrace during the 4th quarter valued at approximately $102,209,000. TimesSquare Capital Management LLC bought a new position in shares of Dynatrace during the 4th quarter valued at approximately $73,906,000. State Street Corp lifted its position in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DT. BMO Capital Markets lowered their price objective on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Scotiabank raised their target price 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. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 price target on shares of 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.35.

Remove Ads

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The stock was 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 approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

NYSE:DT traded up $0.11 during trading hours on Thursday, reaching $49.59. The company's stock had a trading volume of 2,005,913 shares, compared to its average volume of 3,213,010. The stock has a 50 day moving average price of $55.68 and a two-hundred day moving average price of $54.44. The company has a market capitalization of $14.84 billion, a P/E ratio of 30.99, a price-to-earnings-growth 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.

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.