MIG Capital LLC Takes $339,000 Position in Dynatrace, Inc. (NYSE:DT)

MIG Capital LLC bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,234 shares of the company's stock, valued at approximately $339,000.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in Dynatrace during the third quarter worth approximately $327,000. HighTower Advisors LLC increased its holdings in shares of Dynatrace by 8.9% during the 3rd quarter. HighTower Advisors LLC now owns 26,101 shares of the company's stock worth $1,398,000 after acquiring an additional 2,129 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in shares of Dynatrace by 58.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,474 shares of the company's stock worth $507,000 after acquiring an additional 3,500 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Dynatrace in the 3rd quarter valued at $1,038,000. Finally, Stifel Financial Corp lifted its holdings in Dynatrace by 15.7% during the 3rd quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after purchasing an additional 2,177 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Trading Down 1.0 %

NYSE DT traded down $0.44 on Friday, hitting $42.94. 893,903 shares of the company were exchanged, compared to its average volume of 3,217,474. The company has a market cap of $12.85 billion, a PE ratio of 26.92, a PEG ratio of 7.05 and a beta of 1.05. The stock has a fifty day moving average of $52.98 and a 200-day moving average of $53.86. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

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Insider Activity

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DT shares. Jefferies Financial Group cut their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada lifted their price target on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.13.

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.