Dynatrace, Inc. (NYSE:DT) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 42.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,446 shares of the company’s stock after purchasing an additional 30,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dynatrace were worth $5,514,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Holocene Advisors LP acquired a new stake in shares of Dynatrace in the third quarter valued at $126,592,000. TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at $73,906,000. State Street Corp raised its stake in shares of 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 acquiring an additional 1,207,621 shares in the last quarter. Barclays PLC raised its stake in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after acquiring an additional 981,964 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 884,673 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Down 0.9 %

NYSE DT opened at $58.45 on Wednesday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The business’s 50-day moving average price is $56.22 and its 200 day moving average price is $54.14. The firm has a market cap of $17.50 billion, a P/E ratio of 36.53, a P/E/G ratio of 7.05 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DT. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Stifel Nicolaus increased their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley increased their target price on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Barclays increased their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $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 167,459 shares of company stock valued at $10,052,682 over the last quarter. 0.59% of the stock is currently 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.