Pictet Asset Management Holding SA Has $381.86 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Pictet Asset Management Holding SA increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,025,949 shares of the company’s stock after purchasing an additional 834,225 shares during the period. Pictet Asset Management Holding SA’s holdings in Dynatrace were worth $381,860,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC boosted its holdings 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 buying an additional 530 shares during the period. UMB Bank n.a. grew its stake in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after buying an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised 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 worth $78,000 after acquiring an additional 911 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Dynatrace Price Performance

Dynatrace stock opened at $49.02 on Friday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 30.64, a P/E/G ratio of 7.05 and a beta of 1.12. The stock has a fifty day moving average price of $55.57 and a two-hundred day moving average price of $54.42. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Royal Bank of Canada raised their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Finally, Morgan Stanley boosted their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

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.