L. Roy Papp & Associates LLP bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,870 shares of the company's stock, valued at approximately $699,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Retirement Systems of Alabama raised its stake in Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after buying an additional 64,999 shares in the last quarter. Geode Capital Management LLC raised its stake in 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. Synovus Financial Corp raised its stake in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after buying an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after buying an additional 9,444 shares in the last quarter. Finally, Swiss National Bank raised its stake in Dynatrace by 6.6% in the third quarter. Swiss National Bank now owns 840,801 shares of the company's stock valued at $44,958,000 after buying an additional 52,000 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on DT shares. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.74.
Check Out Our Latest Report on Dynatrace
Dynatrace Price Performance
NYSE DT traded down $1.03 on Friday, hitting $61.35. 2,887,772 shares of the company's stock were exchanged, compared to its average volume of 3,757,139. The firm's 50-day moving average price is $55.58 and its two-hundred day moving average price is $53.19. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04.
Insiders Place Their Bets
In related news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,459 shares of company stock worth $5,177,882. Company insiders own 0.59% of the company's stock.
About Dynatrace
(
Free Report)
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.
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