MetLife Investment Management LLC Acquires 13,848 Shares of Dynatrace, Inc. (NYSE:DT)

MetLife Investment Management LLC raised its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 181,189 shares of the company's stock after purchasing an additional 13,848 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Dynatrace worth $9,848,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank boosted its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in Dynatrace by 49.5% in the fourth quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after purchasing an additional 340 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DT. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley cut their target price on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Loop Capital reduced their price target on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and an average price target of $60.95.

Dynatrace Price Performance

Shares of DT traded up $0.30 during mid-day trading on Friday, hitting $46.43. The company's stock had a trading volume of 1,797,854 shares, compared to its average volume of 3,214,693. The firm has a 50-day moving average price of $49.46 and a 200 day moving average price of $53.20. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.

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.