Franklin Resources Inc. Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Franklin Resources Inc. increased its position in shares of Dynatrace, Inc. (NYSE:DT) by 460.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,099 shares of the company’s stock after purchasing an additional 66,638 shares during the quarter. Franklin Resources Inc.’s holdings in Dynatrace were worth $4,408,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in Dynatrace in the 3rd quarter valued at $327,000. HighTower Advisors LLC grew its position in Dynatrace by 8.9% during the third quarter. HighTower Advisors LLC now owns 26,101 shares of the company’s stock valued at $1,398,000 after buying an additional 2,129 shares during the period. Stifel Financial Corp increased its holdings in Dynatrace by 15.7% during the third quarter. Stifel Financial Corp now owns 16,014 shares of the company’s stock worth $856,000 after buying an additional 2,177 shares during the last quarter. MML Investors Services LLC raised its position in Dynatrace by 13.7% in the third quarter. MML Investors Services LLC now owns 88,011 shares of the company’s stock worth $4,706,000 after acquiring an additional 10,617 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Dynatrace by 6.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 154,868 shares of the company’s stock valued at $8,281,000 after acquiring an additional 10,000 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DT shares. Jefferies Financial Group lowered their price target on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.13.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $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 three months, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

Dynatrace stock opened at $43.31 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The stock has a market cap of $12.97 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The firm’s fifty day moving average price is $52.98 and its 200-day moving average price is $53.86.

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.