LMR Partners LLP Buys New Stake in Dynatrace, Inc. (NYSE:DT)

LMR Partners LLP bought a new position in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 180,000 shares of the company’s stock, valued at approximately $9,783,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DT. Barclays PLC lifted its position in shares of Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the period. Nordea Investment Management AB lifted its position in Dynatrace by 8.4% in the fourth quarter. Nordea Investment Management AB now owns 20,444 shares of the company’s stock worth $1,113,000 after purchasing an additional 1,577 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Dynatrace by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company’s stock worth $604,000 after buying an additional 308 shares in the last quarter. Cooper Financial Group increased its holdings in Dynatrace by 6.0% in the 4th quarter. Cooper Financial Group now owns 15,391 shares of the company’s stock valued at $837,000 after buying an additional 871 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Dynatrace by 464.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 711,756 shares of the company’s stock valued at $38,684,000 after buying an additional 585,675 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Barclays reduced their target price on shares of Dynatrace from $67.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group reduced their price target on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.41.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James M. Benson sold 34,932 shares of the company’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 transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. The trade was a 9.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,932 shares of company stock worth $7,007,399 in the last three months. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT opened at $48.63 on Monday. The company has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $52.68. The firm has a market capitalization of $14.56 billion, a PE ratio of 30.39, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week 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.