Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,623 shares of the company's stock after purchasing an additional 22,367 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Dynatrace worth $11,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the fourth quarter valued at about $38,000. Nisa Investment Advisors LLC lifted its stake in 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 last quarter. UMB Bank n.a. boosted its holdings in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after purchasing an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Dynatrace by 173.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock worth $78,000 after buying an additional 911 shares during the last quarter. 94.28% of the stock is owned by institutional investors.
Dynatrace Stock Performance
Shares of NYSE DT traded up $0.63 during trading on Wednesday, hitting $48.46. The company had a trading volume of 2,259,361 shares, compared to its average volume of 3,219,452. The stock has a 50 day simple moving average of $55.33 and a 200 day simple moving average of $54.41. The firm has a market capitalization of $14.51 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Truist Financial lifted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Scotiabank raised their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Finally, BMO Capital Markets reduced their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.35.
Get Our Latest Stock Report on DT
Insiders Place Their Bets
In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction 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 owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. 0.59% of the stock is currently owned by company insiders.
About Dynatrace
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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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