Prudential PLC Invests $1.31 Million in Dynatrace, Inc. (NYSE:DT)

Prudential PLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,172 shares of the company's stock, valued at approximately $1,314,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DT. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% during the 4th 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 period. Huntington National Bank increased its holdings in shares of Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after purchasing an additional 606 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after purchasing an additional 541 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus boosted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Jefferies Financial Group cut their price target on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $63.13.

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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 that occurred on 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 owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Trading Down 0.8 %

Dynatrace stock traded down $0.34 during trading on Friday, hitting $43.04. The company had a trading volume of 3,207,357 shares, compared to its average volume of 3,235,529. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company's 50 day simple moving average is $52.65 and its 200-day simple moving average is $53.81.

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.