Dynatrace, Inc. (NYSE:DT) Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. grew its position in Dynatrace, Inc. (NYSE:DT) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,570,364 shares of the company’s stock after purchasing an additional 700,332 shares during the period. American Century Companies Inc. owned approximately 2.53% of Dynatrace worth $411,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama grew its position in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. Synovus Financial Corp lifted its stake in shares of Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock worth $3,484,000 after acquiring an additional 9,251 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Dynatrace in the 4th quarter worth approximately $842,000. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DT. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Scotiabank upped their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Performance

Dynatrace stock opened at $49.85 on Friday. The firm has a market cap of $14.92 billion, a PE ratio of 31.15, a P/E/G ratio of 7.05 and a beta of 1.12. The firm’s 50 day moving average price is $55.61 and its two-hundred day moving average price is $54.40. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

About Dynatrace

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.