29,178 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by WCM Investment Management LLC

WCM Investment Management LLC purchased a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,178 shares of the company's stock, valued at approximately $1,579,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Holocene Advisors LP acquired a new stake in Dynatrace during the 3rd quarter worth $126,592,000. State Street Corp boosted 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 during the last quarter. Barclays PLC boosted its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 884,673 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in 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 purchasing an additional 648,808 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Down 1.7 %

NYSE:DT traded down $1.03 on Friday, reaching $61.35. 2,887,772 shares of the company's stock were exchanged, compared to its average volume of 3,562,843. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The business has a fifty day moving average of $55.52 and a 200-day moving average of $53.08. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of the company's 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 sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction that occurred 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 $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,459 shares of company stock worth $5,177,882 over the last three months. Company insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DT shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Royal Bank of Canada boosted 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. Finally, BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Eight equities 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, the company presently has an average rating of "Moderate Buy" and an average price target of $61.74.

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.