Illumine Investment Management LLC Purchases Shares of 33,335 Dynatrace, Inc. (NYSE:DT)

Illumine Investment Management LLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,335 shares of the company's stock, valued at approximately $1,812,000. Dynatrace accounts for 1.5% of Illumine Investment Management LLC's investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Dynatrace by 14.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after buying an additional 884,673 shares in the last quarter. RGM Capital LLC raised its holdings in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after buying an additional 494,028 shares during the period. Westfield Capital Management Co. LP lifted its position in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock worth $144,571,000 after acquiring an additional 648,808 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Dynatrace by 12.6% in the 4th quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company's stock worth $141,930,000 after acquiring an additional 292,400 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DT has been the topic of a number of analyst reports. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. BMO Capital Markets raised their target price on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock valued at $10,052,682 in the last ninety days. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Down 1.1 %

DT stock traded down $0.60 during mid-day trading on Tuesday, reaching $55.14. The company had a trading volume of 2,738,396 shares, compared to its average volume of 3,251,304. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The stock has a market capitalization of $16.51 billion, a P/E ratio of 34.46, a P/E/G ratio of 7.05 and a beta of 1.04. The stock's 50-day simple moving average is $56.48 and its two-hundred day simple moving average is $54.41.

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.