Xponance Inc. Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Xponance Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,287 shares of the company’s stock after buying an additional 4,091 shares during the quarter. Xponance Inc.’s holdings in Dynatrace were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace during the fourth quarter valued at about $38,000. 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 worth $39,000 after purchasing an additional 530 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after buying an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after buying an additional 911 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DT. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays upped their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted 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 analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Activity

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were 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 of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $49.59 on Friday. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a 50-day moving average of $55.63 and a 200 day moving average of $54.40.

About Dynatrace

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.