Steph & Co. Buys 813 Shares of Dynatrace, Inc. (NYSE:DT)

Steph & Co. lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,440 shares of the company’s stock after purchasing an additional 813 shares during the period. Steph & Co.’s holdings in Dynatrace were worth $296,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co raised its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the last quarter. Paladin Wealth LLC bought a new position in shares of Dynatrace in the 3rd quarter worth $38,000. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the 3rd quarter worth $52,000. Finally, Park Place Capital Corp grew its position in Dynatrace by 48.6% in the third quarter. Park Place Capital Corp now owns 1,412 shares of the company’s stock worth $76,000 after acquiring an additional 462 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

DT stock opened at $50.49 on Thursday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a 50-day moving average price of $54.48 and a 200 day moving average price of $51.20. The company has a market capitalization of $15.07 billion, a P/E ratio of 91.80, a PEG ratio of 7.39 and a beta of 1.02.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents 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 hyperlink. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target for the company. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace 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.