Resona Asset Management Co. Ltd. bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 99,813 shares of the company's stock, valued at approximately $5,428,000.
A number of other institutional investors have also made changes to their positions in DT. Smartleaf Asset Management LLC grew its stake in Dynatrace by 40.5% during the 4th 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 Dynatrace in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. Huntington National Bank raised its holdings in shares of Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after buying an additional 541 shares during the period. 94.28% of the stock is currently owned by institutional investors.
Insider Transactions at Dynatrace
In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company's stock.
Dynatrace Price Performance
Shares of DT traded up $0.92 on Monday, reaching $44.03. 455,675 shares of the stock traded hands, compared to its average volume of 3,224,958. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock's 50-day moving average price is $52.65 and its 200-day moving average price is $53.81.
Analysts Set New Price Targets
A number of brokerages have issued reports on DT. Stifel Nicolaus boosted their price target on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. BMO Capital Markets decreased their price objective on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Morgan Stanley raised their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price target on Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $63.13.
Read Our Latest Report on DT
Dynatrace Profile
(
Free Report)
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.
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