Magnetar Financial LLC Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Magnetar Financial LLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,444 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds have also recently bought and sold shares of DT. Smartleaf Asset Management LLC lifted its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace in the 4th quarter worth $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. UMB Bank n.a. lifted its stake in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after buying an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after buying an additional 911 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

NYSE:DT traded down $1.49 during trading hours on Thursday, reaching $49.02. 2,006,135 shares of the company were exchanged, compared to its average volume of 3,133,196. The company has a market capitalization of $14.67 billion, a P/E ratio of 30.64, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The business has a 50 day moving average of $55.61 and a 200 day moving average of $54.46.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $67.00 price target 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $63.35.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, 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. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

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.