Dynatrace, Inc. (NYSE:DT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,215,824 shares of the company’s stock after acquiring an additional 87,857 shares during the period. Geode Capital Management LLC’s holdings in Dynatrace were worth $282,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares during the period. QRG Capital Management Inc. lifted its position in shares of Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after buying an additional 9,251 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Dynatrace in the 4th quarter valued at $842,000. Finally, Artemis Investment Management LLP increased its holdings in Dynatrace by 18.4% in the 4th quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock worth $18,651,000 after acquiring an additional 53,271 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DT. Scotiabank increased their price objective 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. Morgan Stanley lifted their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Stifel Nicolaus increased their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Jefferies Financial Group dropped their price target on Dynatrace from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 over the last three months. Company insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 8.0 %

DT stock opened at $41.99 on Friday. The business’s fifty day moving average price is $54.75 and its 200 day moving average price is $54.26. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a market capitalization of $12.57 billion, a PE ratio of 26.25, a P/E/G ratio of 7.05 and a beta of 1.05.

Dynatrace 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.