Vinva Investment Management Ltd Buys Shares of 6,891 Dynatrace, Inc. (NYSE:DT)

Vinva Investment Management Ltd bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,891 shares of the company's stock, valued at approximately $373,000.

Several other institutional investors also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC lifted 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 valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the period. UMB Bank n.a. grew its holdings in shares of Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock worth $68,000 after purchasing an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after purchasing an additional 911 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

DT traded down $0.65 during mid-day trading on Wednesday, reaching $50.53. The stock had a trading volume of 1,682,487 shares, compared to its average volume of 3,164,167. The stock has a market capitalization of $15.13 billion, a P/E ratio of 31.58, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The firm's fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $54.48.

Remove Ads

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares of the company's stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % 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 worth $7,159,599 over the last three months. 0.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DT shares. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. DA Davidson set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Morgan Stanley upped their price objective on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and an average price target of $63.35.

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.