QRG Capital Management Inc. Acquires 9,251 Shares of Dynatrace, Inc. (NYSE:DT)

QRG Capital Management Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 16.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 64,099 shares of the company’s stock after purchasing an additional 9,251 shares during the period. QRG Capital Management Inc.’s holdings in Dynatrace were worth $3,484,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DT. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace during the 3rd quarter worth approximately $52,000. UMB Bank n.a. raised its holdings in shares of 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 during the period. First Horizon Advisors Inc. lifted its stake in Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after purchasing an additional 527 shares during the last quarter. Finally, Financial Life Planners purchased a new position in Dynatrace in the fourth quarter valued at approximately $83,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Barclays boosted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Price Performance

Shares of DT opened at $57.26 on Friday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a market capitalization of $17.14 billion, a P/E ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04. The firm’s 50 day simple moving average is $56.46 and its 200 day simple moving average is $54.32.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,459 shares of company stock valued at $10,052,682 in the last quarter. Insiders own 0.59% of the company’s stock.

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.