Migdal Insurance & Financial Holdings Ltd. Purchases 530 Shares of Dynatrace, Inc. (NYSE:DT)

Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 505,530 shares of the company’s stock after acquiring an additional 530 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.17% of Dynatrace worth $27,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Holocene Advisors LP acquired a new position in shares of Dynatrace during the third quarter worth $126,592,000. State Street Corp increased its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Barclays PLC increased its position in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased 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 acquiring an additional 648,808 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Down 0.7 %

Shares of DT opened at $60.03 on Friday. The stock has a market capitalization of $17.97 billion, a P/E ratio of 37.52, a PEG ratio of 8.37 and a beta of 1.04. The firm has a fifty day simple moving average of $55.05 and a two-hundred day simple moving average of $52.41. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.40.

Analysts Set New Price Targets

DT has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BTIG Research upped their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley increased their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.59% of the company’s stock.

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.