Mirabella Financial Services LLP Takes $717,000 Position in Dynatrace, Inc. (NYSE:DT)

Mirabella Financial Services LLP bought a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,200 shares of the company's stock, valued at approximately $717,000.

Other hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its holdings in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock worth $19,350,000 after buying an additional 64,999 shares in the last quarter. Synovus Financial Corp raised its position in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after acquiring an additional 9,251 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Dynatrace during the 4th quarter valued at about $842,000. Finally, Allstate Corp purchased a new position in shares of Dynatrace in the 4th quarter valued at about $471,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the 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. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Dynatrace Trading Up 0.7 %

DT stock traded up $0.30 during trading on Friday, reaching $46.43. 1,797,854 shares of the stock were exchanged, compared to its average volume of 3,217,475. The business has a 50 day moving average price of $49.15 and a 200-day moving average price of $53.16. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 7.05 and a beta of 1.05.

Wall Street Analysts Forecast Growth

DT has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Scotiabank upped their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Barclays dropped their target price on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.95.

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.