LaFleur & Godfrey LLC Invests $352,000 in Dynatrace, Inc. (NYSE:DT)

LaFleur & Godfrey LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,480 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds have also recently added to or reduced their stakes in DT. Retirement Systems of Alabama lifted its position in shares of Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after buying an additional 9,444 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Dynatrace during the third quarter valued at approximately $600,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on DT shares. Cantor Fitzgerald began coverage on Dynatrace in a report on Friday. They issued a “neutral” rating and a $58.00 price target for the company. Scotiabank increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Barclays lifted their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.92.

Dynatrace Stock Performance

NYSE:DT opened at $51.31 on Monday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The business has a fifty day moving average of $54.27 and a 200-day moving average of $51.27. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was 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 owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by insiders.

Dynatrace 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.