Prudential PLC Invests $1.31 Million in Dynatrace, Inc. (NYSE:DT)

Prudential PLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, Holdings Channel reports. The firm purchased 24,172 shares of the company’s stock, valued at approximately $1,314,000.

Several other institutional investors have also added to or reduced their stakes in DT. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. Versant Capital Management Inc lifted its position in shares of Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC boosted its stake in shares of Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after buying an additional 222 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Dynatrace by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 1.0 %

Shares of NYSE DT opened at $41.60 on Tuesday. The firm’s 50-day moving average price is $54.46 and its 200-day moving average price is $54.20. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market cap of $12.45 billion, a PE ratio of 26.00, a PEG ratio of 7.05 and a beta of 1.05.

Analyst Ratings Changes

Several analysts have weighed in on DT shares. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lowered their price objective on Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $63.13.

Insider Buying and Selling

In related news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by insiders.

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.