KLP Kapitalforvaltning AS Buys Shares of 102,000 Dynatrace, Inc. (NYSE:DT)

KLP Kapitalforvaltning AS bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 102,000 shares of the company's stock, valued at approximately $5,544,000.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings 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 buying an additional 700,332 shares during the period. Quantbot Technologies LP acquired a new position in Dynatrace in the fourth quarter valued at about $2,519,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock worth $3,583,000 after acquiring an additional 253 shares in the last quarter. Magnetar Financial LLC bought a new stake in Dynatrace in the 4th quarter valued at $405,000. Finally, Vinva Investment Management Ltd acquired a new position in Dynatrace in the 4th quarter worth $373,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DT has been the topic of a number of research reports. Wedbush restated an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. BMO Capital Markets reduced their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $63.35.

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Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

Dynatrace Trading Down 1.3 %

Shares of NYSE:DT traded down $0.63 on Friday, reaching $48.39. 3,052,540 shares of the company's stock were exchanged, compared to its average volume of 3,210,414. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a fifty day moving average of $55.52 and a 200-day moving average of $54.43. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 7.05 and a beta of 1.12.

Dynatrace Company 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.