Dynatrace, Inc. (NYSE:DT) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 464.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 711,756 shares of the company’s stock after buying an additional 585,675 shares during the period. Assenagon Asset Management S.A. owned 0.24% of Dynatrace worth $38,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cooper Financial Group boosted its stake in shares of Dynatrace by 6.0% during the 4th quarter. Cooper Financial Group now owns 15,391 shares of the company’s stock worth $837,000 after purchasing an additional 871 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Dynatrace by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company’s stock worth $604,000 after purchasing an additional 308 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Dynatrace during the 4th quarter valued at $748,000. Nordea Investment Management AB grew its stake in shares of Dynatrace by 8.4% in the fourth quarter. Nordea Investment Management AB now owns 20,444 shares of the company’s stock valued at $1,113,000 after buying an additional 1,577 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Dynatrace during the fourth quarter valued at approximately $469,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’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 value of $2,891,500.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

DT opened at $50.98 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company’s 50-day moving average is $54.36 and its 200 day moving average is $51.19. The firm has a market capitalization of $15.22 billion, a PE ratio of 92.68, a P/E/G ratio of 7.39 and a beta of 1.02.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective 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. Royal Bank of Canada increased their price target on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average target price of $62.08.

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.