AGF Management Ltd. Has $9.07 Million Stake in Dynatrace, Inc. (NYSE:DT)

AGF Management Ltd. increased its position in Dynatrace, Inc. (NYSE:DT) by 42.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,860 shares of the company’s stock after buying an additional 49,837 shares during the period. AGF Management Ltd. owned 0.06% of Dynatrace worth $9,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the fourth quarter worth $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. increased its position in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after buying an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after buying an additional 911 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents 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 sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Trading Down 0.1 %

Shares of NYSE DT opened at $49.27 on Thursday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The business has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $54.48. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 7.05 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DT shares. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Scotiabank increased their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Morgan Stanley lifted their target price on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.