New Mexico Educational Retirement Board Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

New Mexico Educational Retirement Board lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,870 shares of the company's stock after acquiring an additional 12,370 shares during the quarter. New Mexico Educational Retirement Board's holdings in Dynatrace were worth $3,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in Dynatrace by 199.8% in the third quarter. CWM LLC now owns 7,066 shares of the company's stock worth $378,000 after purchasing an additional 4,709 shares during the last quarter. Creative Planning grew its stake in Dynatrace by 46.7% in the 3rd quarter. Creative Planning now owns 25,892 shares of the company's stock valued at $1,384,000 after purchasing an additional 8,247 shares during the period. Swedbank AB grew its stake in Dynatrace by 15.1% in the 3rd quarter. Swedbank AB now owns 92,862 shares of the company's stock valued at $4,965,000 after purchasing an additional 12,200 shares during the period. Aaron Wealth Advisors LLC bought a new position in Dynatrace in the 3rd quarter valued at $335,000. Finally, Riverview Trust Co raised its position in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Dynatrace stock traded down $0.70 during trading hours on Wednesday, reaching $61.68. The company had a trading volume of 2,331,165 shares, compared to its average volume of 3,489,439. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 7.06 and a beta of 1.04. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a 50-day moving average price of $55.77 and a 200 day moving average price of $53.60.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.04.

Insider Activity

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,459 shares of company stock valued at $7,634,682. Insiders own 0.59% of the company's stock.

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.