CIBC Asset Management Inc Acquires 1,390 Shares of Dynatrace, Inc. (NYSE:DT)

CIBC Asset Management Inc raised its holdings in Dynatrace, Inc. (NYSE:DT) by 13.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,864 shares of the company’s stock after purchasing an additional 1,390 shares during the period. CIBC Asset Management Inc’s holdings in Dynatrace were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dynatrace by 20.8% during the third 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 in the last quarter. RGM Capital LLC boosted its position in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Dynatrace by 23.9% during the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after purchasing an additional 482,017 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

DT stock opened at $59.79 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The company has a 50 day simple moving average of $56.08 and a 200 day simple moving average of $53.93. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.05 and a beta of 1.04.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal 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 completion of the transaction, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,459 shares of company stock worth $10,052,682. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. UBS Group raised their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Scotiabank raised their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, DA Davidson set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.