L. Roy Papp & Associates LLP Purchases Shares of 12,870 Dynatrace, Inc. (NYSE:DT)

L. Roy Papp & Associates LLP acquired a new position in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,870 shares of the company’s stock, valued at approximately $699,000.

Several other institutional investors also recently modified their holdings of DT. Sanctuary Advisors LLC bought a new position in Dynatrace in the second quarter worth $567,000. CWM LLC raised its stake in shares of Dynatrace by 199.8% in the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after buying an additional 4,709 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Dynatrace by 292.3% in 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Dynatrace by 600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $112,000 after acquiring an additional 1,800 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Dynatrace during the 3rd quarter valued at about $1,042,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,527 shares of company stock worth $3,045,284 over the last 90 days. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

NYSE DT opened at $61.43 on Wednesday. The stock has a market capitalization of $18.39 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.85. The stock has a fifty day moving average of $55.30 and a 200-day moving average of $52.82.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DT shares. Loop Capital increased their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Finally, UBS Group boosted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note 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. Based on data from MarketBeat.com, the stock has a consensus 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.