Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,148 shares of the company's stock after buying an additional 12,207 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Dynatrace were worth $1,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after acquiring an additional 884,673 shares in the last quarter. RGM Capital LLC boosted its position in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock worth $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock worth $144,571,000 after acquiring an additional 648,808 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Dynatrace by 23.9% during the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company's stock worth $133,753,000 after acquiring an additional 482,017 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was 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 owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,459 shares of company stock worth $5,177,882. 0.59% of the stock is owned by insiders.

Dynatrace Price Performance

NYSE:DT traded down $1.03 during trading hours on Friday, reaching $61.35. 2,887,772 shares of the company traded hands, compared to its average volume of 3,562,843. The firm's 50-day moving average is $55.52 and its 200-day moving average is $53.08. The stock has a market cap of $18.36 billion, a P/E ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Truist Financial upped their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. BTIG Research boosted their target price on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.74.

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.