OFI Invest Asset Management Purchases New Stake in Dynatrace, Inc. (NYSE:DT)

OFI Invest Asset Management acquired a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,046 shares of the company's stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Amundi boosted its stake in Dynatrace by 50.7% in the 4th quarter. Amundi now owns 774,429 shares of the company's stock worth $40,448,000 after purchasing an additional 260,417 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Dynatrace by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,731 shares of the company's stock worth $1,888,000 after buying an additional 1,052 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Dynatrace by 14.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 202,825 shares of the company's stock worth $11,088,000 after buying an additional 25,183 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Dynatrace in the 4th quarter valued at approximately $363,000. Finally, Andra AP fonden lifted its stake in Dynatrace by 7.2% in the 4th quarter. Andra AP fonden now owns 162,100 shares of the company's stock valued at $8,810,000 after acquiring an additional 10,900 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the firm'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 transaction of $2,132,598.60. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction 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 approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

Remove Ads

Dynatrace Trading Down 0.1 %

DT stock traded down $0.04 during mid-day trading on Wednesday, hitting $49.27. 2,211,752 shares of the company were exchanged, compared to its average volume of 3,179,347. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The stock has a market capitalization of $14.75 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business has a 50 day simple moving average of $56.12 and a 200-day simple moving average of $54.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Scotiabank raised their price objective on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.25.

About Dynatrace

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.