Prudential Financial Inc. Grows Position in Dynatrace, Inc. (NYSE:DT)

Prudential Financial Inc. increased its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 244.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,400 shares of the company's stock after buying an additional 195,438 shares during the period. Prudential Financial Inc. owned 0.09% of Dynatrace worth $14,417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Holocene Advisors LP purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $126,592,000. Raymond James Financial Inc. purchased a new stake in Dynatrace in the fourth quarter worth about $102,209,000. TimesSquare Capital Management LLC purchased a new stake in Dynatrace in the fourth quarter worth about $73,906,000. State Street Corp increased its stake in shares of Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

DT has been the subject of a number of analyst reports. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays lifted 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. Morgan Stanley upped their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.35.

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Insider Activity

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on 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 transaction, the chief executive officer now owns 548,684 shares in the company, 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 have sold a total of 117,432 shares of company stock valued at $7,159,599 in the last ninety days. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Up 1.6 %

NYSE:DT traded up $0.75 during mid-day trading on Tuesday, hitting $47.90. 3,065,027 shares of the company traded hands, compared to its average volume of 3,219,898. The stock's fifty day moving average price is $55.33 and its 200-day moving average price is $54.41. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00.

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.