Globeflex Capital L P Buys New Position in Dynatrace, Inc. (NYSE:DT)

Globeflex Capital L P bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, HoldingsChannel reports. The firm bought 8,900 shares of the company’s stock, valued at approximately $484,000.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% during the 4th 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 last quarter. UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after purchasing an additional 911 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $48.45 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The stock has a fifty day moving average of $55.85 and a two-hundred day moving average of $54.45. The firm has a market capitalization of $14.50 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Morgan Stanley lifted 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. UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.