Rhumbline Advisers Has $47.75 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Rhumbline Advisers increased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 878,538 shares of the company's stock after purchasing an additional 10,017 shares during the quarter. Rhumbline Advisers owned 0.29% of Dynatrace worth $47,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Dynatrace in the third quarter valued at about $52,000. UMB Bank n.a. boosted its holdings in Dynatrace by 75.3% in the fourth 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. First Horizon Advisors Inc. grew its stake in Dynatrace by 53.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company's stock valued at $81,000 after purchasing an additional 527 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in Dynatrace during the 4th quarter worth approximately $83,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now 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. Insiders sold 167,459 shares of company stock worth $10,052,682 over the last ninety days. Company insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DT shares. JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Truist Financial increased their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynatrace has an average rating of "Moderate Buy" and an average target price of $62.04.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $1.45 on Friday, hitting $59.79. The company had a trading volume of 2,823,669 shares, compared to its average volume of 3,433,855. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The company has a market cap of $17.90 billion, a PE ratio of 37.37, a PEG ratio of 7.10 and a beta of 1.04. The business has a 50-day simple moving average of $56.08 and a 200-day simple moving average of $53.84.

Dynatrace 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.