Magnetar Financial LLC Takes $405,000 Position in Dynatrace, Inc. (NYSE:DT)

Magnetar Financial LLC acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 7,444 shares of the company’s stock, valued at approximately $405,000.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. lifted its holdings in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after acquiring an additional 911 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Up 0.4 %

DT opened at $49.85 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The business’s fifty day simple moving average is $55.61 and its 200-day simple moving average is $54.43. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 7.05 and a beta of 1.12.

Analyst Ratings Changes

Several brokerages have recently issued reports on DT. Truist Financial upped their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays upped their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on Dynatrace from $59.00 to $62.00 and gave the company 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.35.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction 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 in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

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.