Dynatrace, Inc. (NYSE:DT) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 104.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,800 shares of the company's stock after acquiring an additional 188,461 shares during the period. Pinebridge Investments L.P. owned 0.12% of Dynatrace worth $20,044,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DT. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dynatrace during the fourth quarter worth $38,000. Nisa Investment Advisors LLC raised its position in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Huntington National Bank lifted its holdings in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the period. Finally, GeoWealth Management LLC boosted its position in shares of Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DT shares. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. UBS Group upped their target price on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, January 31st. DA Davidson decreased their price objective on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.95.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm'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 transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. Company insiders own 0.59% of the company's stock.

Dynatrace Stock Up 0.1 %

Shares of DT stock traded up $0.03 on Monday, reaching $46.45. 1,534,666 shares of the stock were exchanged, compared to its average volume of 3,215,915. The stock has a market cap of $13.90 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The firm has a 50 day moving average of $49.15 and a two-hundred day moving average of $53.14. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

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.