6,497 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, Holdings Channel reports. The fund bought 6,497 shares of the company’s stock, valued at approximately $353,000.

Several other large investors have also modified their holdings of DT. PNC Financial Services Group Inc. raised its position in shares of Dynatrace by 10.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company’s stock worth $1,801,000 after acquiring an additional 3,132 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Dynatrace by 22.4% in the third quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company’s stock worth $282,000 after purchasing an additional 965 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Dynatrace by 13.7% during the third quarter. Raymond James Trust N.A. now owns 6,641 shares of the company’s stock valued at $355,000 after buying an additional 802 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Dynatrace by 29.2% in the 3rd quarter. Citigroup Inc. now owns 204,243 shares of the company’s stock valued at $10,921,000 after buying an additional 46,173 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of Dynatrace by 291.2% in the 3rd quarter. Cerity Partners LLC now owns 19,478 shares of the company’s stock worth $1,041,000 after buying an additional 14,499 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DT. Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Guggenheim restated a “neutral” rating on shares of Dynatrace 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.35.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 1.3 %

Dynatrace stock opened at $50.53 on Thursday. The business’s 50-day moving average price is $55.61 and its 200 day moving average price is $54.46. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week 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.