46,350 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 46,350 shares of the company's stock, valued at approximately $2,519,000.

A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying 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 lifted its stake in Dynatrace by 271.8% in 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 in the last quarter. UMB Bank n.a. boosted its holdings in 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. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after purchasing an additional 911 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Down 2.9 %

Shares of Dynatrace stock traded down $1.49 on Thursday, hitting $49.02. 2,006,135 shares of the company were exchanged, compared to its average volume of 3,133,196. The company has a 50-day moving average price of $55.61 and a 200 day moving average price of $54.46. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

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Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company's stock, valued at $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. In the last quarter, insiders sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DT shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Truist Financial lifted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Finally, Morgan Stanley boosted their target price on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.35.

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.