Raymond James Financial Inc. Takes Position in Dynatrace, Inc. (NYSE:DT)

Raymond James Financial Inc. acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,880,579 shares of the company’s stock, valued at approximately $102,209,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DT. Arizona State Retirement System increased its position in shares of Dynatrace by 6.6% during the fourth quarter. Arizona State Retirement System now owns 86,527 shares of the company’s stock worth $4,703,000 after purchasing an additional 5,361 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dynatrace during the fourth quarter worth approximately $1,057,000. M&T Bank Corp increased its position in shares of Dynatrace by 1.7% during the fourth quarter. M&T Bank Corp now owns 30,043 shares of the company’s stock worth $1,633,000 after purchasing an additional 516 shares in the last quarter. Atria Investments Inc increased its position in shares of Dynatrace by 6.3% during the fourth quarter. Atria Investments Inc now owns 7,656 shares of the company’s stock worth $416,000 after purchasing an additional 455 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Dynatrace by 8.5% during the fourth quarter. Assetmark Inc. now owns 42,699 shares of the company’s stock worth $2,321,000 after purchasing an additional 3,345 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Trading Down 2.3 %

DT opened at $52.36 on Friday. The stock’s 50-day moving average price is $56.43 and its 200 day moving average price is $54.50. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 7.05 and a beta of 1.12.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction 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. This represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Finally, Royal Bank of Canada upped 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. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently 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.