Vestcor Inc Has $4.06 Million Position in Dynatrace, Inc. (NYSE:DT)

Vestcor Inc grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 36.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,651 shares of the company's stock after buying an additional 20,000 shares during the period. Vestcor Inc's holdings in Dynatrace were worth $4,057,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DT. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC boosted its holdings in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV grew its position in Dynatrace by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock worth $385,000 after purchasing an additional 240 shares during the period. Institutional investors own 94.28% of the company's stock.

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Dynatrace Stock Performance

DT traded down $1.20 during midday trading on Tuesday, hitting $49.19. The company had a trading volume of 3,207,547 shares, compared to its average volume of 3,153,562. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The firm's 50-day simple moving average is $55.79 and its 200-day simple moving average is $54.48. The company has a market capitalization of $14.72 billion, a PE ratio of 30.74, a P/E/G ratio of 7.05 and a beta of 1.12.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Barclays lifted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, UBS Group increased their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $63.21.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last quarter. Corporate 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.