FFT Wealth Management LLC Makes New $326,000 Investment in Dynatrace, Inc. (NYSE:DT)

FFT Wealth Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,007 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the 3rd quarter valued at about $52,000. UMB Bank n.a. lifted its holdings 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 last quarter. First Horizon Advisors Inc. lifted 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 worth $81,000 after acquiring an additional 527 shares during the last quarter. Finally, Financial Life Planners acquired a new position in Dynatrace in the fourth quarter valued at approximately $83,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Morgan Stanley increased their target price on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. DA Davidson set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted 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. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

Insider Activity

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,459 shares of company stock worth $10,052,682. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 0.9 %

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

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.