Wealthfront Advisers LLC Buys Shares of 266,458 Dynatrace, Inc. (NYSE:DT)

Wealthfront Advisers LLC bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 266,458 shares of the company's stock, valued at approximately $14,482,000. Wealthfront Advisers LLC owned 0.09% of Dynatrace as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DT. State Street Corp raised its stake in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Geode Capital Management LLC raised its stake in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock worth $273,610,000 after buying an additional 884,673 shares during the period. RGM Capital LLC raised its stake in shares of Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock worth $232,210,000 after buying an additional 494,028 shares during the period. Westfield Capital Management Co. LP grew its position in shares of Dynatrace by 31.6% during the third 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 in the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Dynatrace by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company's stock worth $141,930,000 after purchasing an additional 292,400 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, DA Davidson set a $70.00 price objective on Dynatrace in a 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.25.

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Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 over the last quarter. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Up 1.4 %

NYSE:DT opened at $49.37 on Wednesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company's 50-day moving average price is $56.22 and its two-hundred day moving average price is $54.52. The firm has a market cap of $14.78 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

About Dynatrace

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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