Jackson Square Capital LLC Invests $862,000 in Dynatrace, Inc. (NYSE:DT)

Jackson Square Capital LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,861 shares of the company's stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace during the 3rd quarter valued at $38,000. UMB Bank n.a. raised its stake in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after acquiring an additional 535 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Dynatrace during the 3rd quarter worth $52,000. Finally, Park Place Capital Corp grew its stake in shares of Dynatrace by 48.6% in the third quarter. Park Place Capital Corp now owns 1,412 shares of the company's stock worth $76,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price objective on the stock. Barclays upped their target price on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Rosenblatt Securities reiterated a "buy" rating and set a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $61.92.

Dynatrace Price Performance

Dynatrace stock traded up $0.25 during trading hours on Friday, hitting $51.31. The company had a trading volume of 3,070,671 shares, compared to its average volume of 2,224,432. The firm's fifty day moving average is $54.27 and its 200-day moving average is $51.27. The firm has a market capitalization of $15.31 billion, a P/E ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is currently owned by company insiders.

Dynatrace 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.