Metis Global Partners LLC Invests $571,000 in Dynatrace, Inc. (NYSE:DT)

Metis Global Partners LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,508 shares of the company’s stock, valued at approximately $571,000.

A number of other large investors have also modified their holdings of DT. Illumine Investment Management LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at about $1,812,000. Dynasty Wealth Management LLC grew its holdings in shares of Dynatrace by 25.3% in the fourth quarter. Dynasty Wealth Management LLC now owns 6,816 shares of the company’s stock valued at $370,000 after purchasing an additional 1,377 shares during the period. QRG Capital Management Inc. lifted its position in Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after buying an additional 9,251 shares during the last quarter. Versor Investments LP acquired a new position in Dynatrace in the fourth quarter valued at about $533,000. Finally, Proficio Capital Partners LLC acquired a new position in Dynatrace in the fourth quarter valued at about $1,057,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE:DT opened at $56.15 on Thursday. The firm’s fifty day moving average price is $56.51 and its 200 day moving average price is $54.46. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insider Activity at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,459 shares of company stock worth $7,161,182 in the last three months. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. DA Davidson set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Loop Capital increased their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

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.