Metis Global Partners LLC bought 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 firm bought 10,508 shares of the company's stock, valued at approximately $571,000.
Several other institutional investors have also recently made changes to their positions in DT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dynatrace in the 3rd quarter worth about $587,000. US Bancorp DE lifted its holdings in Dynatrace by 1.9% during the 3rd quarter. US Bancorp DE now owns 53,455 shares of the company's stock valued at $2,858,000 after buying an additional 972 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Dynatrace by 41.8% during the 3rd quarter. QRG Capital Management Inc. now owns 54,848 shares of the company's stock valued at $2,933,000 after buying an additional 16,178 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in Dynatrace by 10.9% during the 3rd quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company's stock valued at $1,182,000 after buying an additional 2,167 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Dynatrace by 16.0% during the 3rd quarter. Amalgamated Bank now owns 146,101 shares of the company's stock valued at $7,812,000 after buying an additional 20,107 shares in the last quarter. Institutional investors own 94.28% of the company's stock.
Dynatrace Trading Up 1.9 %
NYSE:DT opened at $56.15 on Thursday. The company has a market cap of $16.81 billion, a PE ratio of 35.10, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company's 50 day moving average is $56.51 and its two-hundred day moving average is $54.46.
Analyst Upgrades and Downgrades
DT has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 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 issued a buy rating to the stock. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.
Read Our Latest Analysis on Dynatrace
Insiders Place Their Bets
In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Also, CFO James M. Benson sold 34,932 shares of Dynatrace 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 sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,459 shares of company stock valued at $7,161,182. Insiders own 0.59% of the company's stock.
Dynatrace Profile
(
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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