LaFleur & Godfrey LLC Purchases Shares of 6,480 Dynatrace, Inc. (NYSE:DT)

LaFleur & Godfrey LLC acquired 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 and Exchange Commission. The firm acquired 6,480 shares of the company's stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. State Street Corp grew its holdings in shares of Dynatrace by 14.6% during 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after buying an additional 884,673 shares during the last quarter. RGM Capital LLC increased its holdings in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock worth $232,210,000 after buying an additional 494,028 shares in the last quarter. Eminence Capital LP bought a new position in shares of Dynatrace in the 2nd quarter valued at $158,369,000. Finally, Westfield Capital Management Co. LP increased its stake in shares of Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock valued at $144,571,000 after buying an additional 648,808 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were 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 directly owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by insiders.

Dynatrace Stock Up 0.5 %

Dynatrace stock traded up $0.25 during mid-day trading on Monday, reaching $51.31. 3,070,671 shares of the company's stock were exchanged, compared to its average volume of 2,224,432. The firm has a market capitalization of $15.31 billion, a PE ratio of 93.29, a P/E/G ratio of 7.39 and a beta of 1.02. The business's fifty day simple moving average is $54.27 and its 200 day simple moving average is $51.32. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wedbush initiated coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective for the company. BTIG Research increased their price target on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.92.

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.