19,457 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,457 shares of the company's stock, valued at approximately $1,057,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 530 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Dynatrace in the 3rd quarter worth approximately $52,000. UMB Bank n.a. raised its holdings in shares of Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after acquiring an additional 541 shares in the last quarter. First Horizon Advisors Inc. increased its position in Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company's stock worth $81,000 after purchasing an additional 527 shares during the last quarter. Finally, Financial Life Planners bought a new position in Dynatrace during the fourth quarter valued at $83,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

NYSE DT traded up $0.68 on Tuesday, hitting $49.37. The stock had a trading volume of 3,113,171 shares, compared to its average volume of 3,195,369. The business's fifty day moving average price is $56.32 and its 200 day moving average price is $54.52. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DT shares. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $63.25.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. 0.59% of the stock is currently owned by corporate insiders.

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.