E. Ohman J or Asset Management AB Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

E. Ohman J or Asset Management AB grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 24.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,600 shares of the company’s stock after buying an additional 3,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dynatrace were worth $848,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DT. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the period. Paladin Wealth LLC purchased a new stake in shares of Dynatrace during the 3rd quarter valued at $38,000. UMB Bank n.a. grew its stake in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace during the 3rd quarter valued at $52,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $60.48 on Thursday. The firm has a market cap of $18.10 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04. The firm’s 50-day simple moving average is $54.95 and its 200-day simple moving average is $52.35. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.00.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, BTIG Research upped their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.