Teachers Retirement System of The State of Kentucky Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Teachers Retirement System of The State of Kentucky raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,123 shares of the company's stock after purchasing an additional 12,101 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Dynatrace were worth $5,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DT. 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 valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 530 shares in the last quarter. Huntington National Bank boosted its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the period. Finally, GeoWealth Management LLC increased its holdings in Dynatrace by 49.5% in the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after purchasing an additional 340 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on DT. Cantor Fitzgerald restated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group upped their price target on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Wedbush reiterated an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Barclays dropped their price target on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.45.

Dynatrace Stock Performance

Dynatrace stock opened at $42.85 on Wednesday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm's 50-day moving average is $50.12 and its 200-day moving average is $53.32. The company has a market cap of $12.83 billion, a P/E ratio of 26.78, a PEG ratio of 7.05 and a beta of 1.05.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. Insiders own 0.59% of the company's stock.

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.

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