Vanguard Group Inc. Increases Holdings in Dynatrace, Inc. (NYSE:DT)

Vanguard Group Inc. increased its position in Dynatrace, Inc. (NYSE:DT) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,161,184 shares of the company’s stock after acquiring an additional 484,877 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Dynatrace worth $1,639,260,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DT. State Street Corp grew its holdings in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. American Century Companies Inc. grew its stake in Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after acquiring an additional 700,332 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares in the last quarter. Handelsbanken Fonder AB raised its position in Dynatrace by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock worth $141,930,000 after acquiring an additional 292,400 shares during the last quarter. Finally, DSM Capital Partners LLC grew its position in shares of Dynatrace by 55.3% in the fourth quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock valued at $133,407,000 after purchasing an additional 874,429 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen 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 $63.35.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on 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 approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last ninety days. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $49.02 on Friday. The stock has a 50-day simple moving average of $55.57 and a 200-day simple moving average of $54.42. The stock has a market capitalization of $14.67 billion, a P/E ratio of 30.64, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

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.