Dynatrace, Inc. (NYSE:DT) Shares Purchased by Davidson Investment Advisors

Davidson Investment Advisors lifted its position in Dynatrace, Inc. (NYSE:DT) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,320 shares of the company’s stock after acquiring an additional 34,001 shares during the period. Davidson Investment Advisors owned 0.14% of Dynatrace worth $22,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. State Street Corp raised its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the period. Geode Capital Management LLC raised its position in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the period. RGM Capital LLC raised its position in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the period. Westfield Capital Management Co. LP raised its position in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 shares during the period. Finally, Congress Asset Management Co. raised its position in Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after purchasing an additional 482,017 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Loop Capital lifted their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Thursday, February 6th. BTIG Research boosted their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

Dynatrace Price Performance

DT opened at $61.35 on Tuesday. The business has a 50 day simple moving average of $55.66 and a 200-day simple moving average of $53.45. The stock has a market capitalization of $18.36 billion, a P/E ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’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 value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of the business’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 completion of the sale, 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. Over the last ninety days, insiders sold 87,459 shares of company stock valued at $5,177,882. 0.59% of the stock is owned by 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.