DSM Capital Partners LLC Grows Position in Dynatrace, Inc. (NYSE:DT)

DSM Capital Partners LLC increased its position in Dynatrace, Inc. (NYSE:DT) by 55.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,454,582 shares of the company’s stock after buying an additional 874,429 shares during the quarter. Dynatrace accounts for approximately 2.1% of DSM Capital Partners LLC’s holdings, making the stock its 16th biggest holding. DSM Capital Partners LLC owned about 0.82% of Dynatrace worth $133,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Dynatrace by 271.8% in 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. Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter worth $52,000. UMB Bank n.a. lifted its stake in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after acquiring an additional 541 shares during the period. First Horizon Advisors Inc. boosted its holdings 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 acquiring an additional 527 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Dynatrace during the 4th quarter valued at $83,000. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

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 transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,459 shares of company stock worth $7,634,682 over the last three months. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

NYSE DT opened at $62.31 on Wednesday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The stock has a 50-day moving average of $55.77 and a 200 day moving average of $53.60. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 6.93 and a beta of 1.04.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, UBS Group raised their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

About Dynatrace

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.