Rhumbline Advisers Increases Holdings in Dynatrace, Inc. (NYSE:DT)

Rhumbline Advisers grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 878,538 shares of the company’s stock after buying an additional 10,017 shares during the period. Rhumbline Advisers owned 0.29% of Dynatrace worth $47,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its position in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares during the period. Virtue Capital Management LLC lifted its stake in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after buying an additional 212 shares in the last quarter. Atria Investments Inc lifted its stake in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after buying an additional 240 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Dynatrace by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after buying an additional 248 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in Dynatrace by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock valued at $480,000 after buying an additional 270 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

NYSE:DT opened at $61.35 on Tuesday. The firm’s 50-day moving average is $55.58 and its 200-day moving average is $53.32. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Thursday, February 6th. UBS Group upped their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Truist Financial raised their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,459 shares of company stock valued at $5,177,882 over the last quarter. 0.59% of the stock is owned by company insiders.

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.