Raymond James Financial Inc. Purchases New Position in Dynatrace, Inc. (NYSE:DT)

Raymond James Financial Inc. acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,880,579 shares of the company's stock, valued at approximately $102,209,000. Raymond James Financial Inc. owned approximately 0.63% of Dynatrace at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 530 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Dynatrace in the 3rd quarter valued at approximately $52,000. Finally, UMB Bank n.a. boosted its stake in Dynatrace by 75.3% during 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 last quarter. Institutional investors own 94.28% of the company's stock.

Insider Activity at Dynatrace

In other 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 value of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the 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 transaction, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.

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Dynatrace Stock Down 0.1 %

NYSE:DT traded down $0.04 on Wednesday, reaching $49.27. 1,477,771 shares of the company's stock traded hands, compared to its average volume of 3,187,605. The stock has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $54.52. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The firm has a market cap of $14.75 billion, a PE ratio of 30.80, a P/E/G ratio of 7.05 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DT. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Wedbush restated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and an average target price of $63.25.

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.