Mitsubishi UFJ Trust & Banking Corp Has $11.90 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 69.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,870 shares of the company's stock after acquiring an additional 89,377 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Dynatrace worth $11,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after purchasing an additional 206 shares in the last quarter. Virtue Capital Management LLC boosted its stake in shares of Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after buying an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after buying an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after acquiring an additional 253 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Dynatrace Stock Down 5.5 %

Shares of Dynatrace stock traded down $2.67 during midday trading on Thursday, hitting $45.70. The company's stock had a trading volume of 517,324 shares, compared to its average volume of 3,208,998. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The stock has a 50-day simple moving average of $55.21 and a 200-day simple moving average of $54.37. The firm has a market capitalization of $13.68 billion, a P/E ratio of 28.56, a PEG ratio of 7.05 and a beta of 1.12.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company's stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.35.

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.