Jupiter Asset Management Ltd. Buys Shares of 805,147 Dynatrace, Inc. (NYSE:DT)

Jupiter Asset Management Ltd. purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 805,147 shares of the company's stock, valued at approximately $43,760,000. Jupiter Asset Management Ltd. owned approximately 0.27% of Dynatrace as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock worth $105,000 after purchasing an additional 206 shares in the last quarter. Virtue Capital Management LLC lifted its position in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock worth $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after acquiring an additional 222 shares in the last quarter. Finally, Atria Investments Inc raised its position in Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

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Dynatrace Price Performance

NYSE DT traded up $1.13 during trading hours on Friday, reaching $48.45. The company's stock had a trading volume of 3,206,770 shares, compared to its average volume of 3,148,157. The firm has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $54.45. The stock has a market cap of $14.50 billion, a P/E ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.

Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 completion of the sale, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last quarter. 0.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Scotiabank upped their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, UBS Group increased their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.

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.