Dynasty Wealth Management LLC Acquires 1,377 Shares of Dynatrace, Inc. (NYSE:DT)

Dynasty Wealth Management LLC raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,816 shares of the company’s stock after buying an additional 1,377 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Dynatrace were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc raised its position in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the last quarter. Virtue Capital Management LLC increased its holdings in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $57.26 on Friday. The company has a market capitalization of $17.14 billion, a PE ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04. The firm’s 50-day moving average is $56.46 and its 200 day moving average is $54.27. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated 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 transaction, the executive vice president now 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. Over the last three months, insiders have sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Wedbush restated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $63.25.

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.