Sumitomo Mitsui Trust Group Inc. Buys 66,607 Shares of Dynatrace, Inc. (NYSE:DT)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 617,977 shares of the company's stock after buying an additional 66,607 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Dynatrace worth $33,587,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Dynatrace in the 2nd quarter worth approximately $567,000. CWM LLC boosted its stake in shares of Dynatrace by 199.8% in the 3rd quarter. CWM LLC now owns 7,066 shares of the company's stock worth $378,000 after buying an additional 4,709 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Dynatrace by 600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company's stock worth $112,000 after purchasing an additional 1,800 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Dynatrace in the 3rd quarter worth approximately $1,042,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

NYSE DT traded down $1.03 on Friday, hitting $61.35. 2,887,772 shares of the company were exchanged, compared to its average volume of 3,757,139. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company's 50 day moving average price is $55.58 and its 200-day moving average price is $53.19. The firm has a market capitalization of $18.36 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DT shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets increased their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, 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 note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,459 shares of company stock valued at $5,177,882 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

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.