1,359,819 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,359,819 shares of the company’s stock, valued at approximately $73,906,000. Dynatrace comprises 1.1% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. TimesSquare Capital Management LLC owned approximately 0.46% of Dynatrace at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DT. Holocene Advisors LP purchased a new stake in Dynatrace during the third quarter worth approximately $126,592,000. State Street Corp lifted its stake in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Barclays PLC lifted its stake in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after buying an additional 981,964 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares during the last quarter. Finally, DSM Capital Partners LLC lifted its stake in 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 buying an additional 874,429 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 1.6 %

DT stock opened at $62.31 on Wednesday. The firm has a 50 day moving average of $55.77 and a 200-day moving average of $53.60. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 7.06 and a beta of 1.04. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DT shares. BMO Capital Markets boosted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s 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 sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 127,459 shares of company stock valued at $7,634,682 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

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.