Versor Investments LP Purchases New Shares in Dynatrace, Inc. (NYSE:DT)

Versor Investments LP acquired a new position in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,800 shares of the company’s stock, valued at approximately $533,000.

Several other large investors also recently made changes to their positions in DT. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Dynatrace in the 3rd quarter valued at $52,000. UMB Bank n.a. increased its stake in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after buying an additional 541 shares during the period. First Horizon Advisors Inc. raised its position in shares of Dynatrace by 53.6% during the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after acquiring an additional 527 shares during the last quarter. Finally, Financial Life Planners acquired a new position in shares of Dynatrace during the fourth quarter valued at $83,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now 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 SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,459 shares of company stock worth $10,052,682 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays raised their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Trading Down 0.1 %

DT opened at $57.26 on Friday. The firm’s fifty day simple moving average is $56.46 and its 200 day simple moving average is $54.32. The stock has a market capitalization of $17.14 billion, a P/E ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.

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.