102,000 Shares in Dynatrace, Inc. (NYSE:DT) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 102,000 shares of the company’s stock, valued at approximately $5,544,000.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace in the 4th quarter worth $38,000. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 271.8% during 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 during the last quarter. UMB Bank n.a. boosted its stake in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Dynatrace by 173.2% in the 4th 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 and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DT shares. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. DA Davidson set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Finally, BMO Capital Markets cut their price target on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Shares of DT opened at $51.19 on Wednesday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The stock has a 50 day simple moving average of $55.61 and a 200 day simple moving average of $54.48. The firm has a market capitalization of $15.32 billion, a PE ratio of 31.99, a P/E/G ratio of 7.05 and a beta of 1.12.

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.