MYDA Advisors LLC Purchases 40,000 Shares of Dynatrace, Inc. (NYSE:DT)

MYDA Advisors LLC raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the company's stock after purchasing an additional 40,000 shares during the period. Dynatrace makes up about 1.1% of MYDA Advisors LLC's investment portfolio, making the stock its 29th biggest holding. MYDA Advisors LLC's holdings in Dynatrace were worth $4,348,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the fourth quarter worth about $38,000. Nisa Investment Advisors LLC raised its position in shares of 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 period. Huntington National Bank raised its position in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the period. Finally, GeoWealth Management LLC grew its position in shares of Dynatrace by 49.5% in the 4th 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 period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays cut their price target on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.95.

Dynatrace Price Performance

NYSE DT traded up $1.12 during trading on Wednesday, reaching $44.02. 2,322,768 shares of the company's stock were exchanged, compared to its average volume of 3,218,403. The business has a 50 day moving average price of $50.12 and a 200-day moving average price of $53.32. The stock has a market capitalization of $13.18 billion, a P/E ratio of 27.51, 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.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by company insiders.

Dynatrace 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.