Graham Capital Management L.P. Acquires Shares of 67,729 Dynatrace, Inc. (NYSE:DT)

Graham Capital Management L.P. acquired a new position in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, HoldingsChannel reports. The fund acquired 67,729 shares of the company’s stock, valued at approximately $3,681,000.

Other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in shares of Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares during the period. OFI Invest Asset Management bought a new position in shares of Dynatrace in the 4th quarter valued at about $842,000. Allstate Corp bought a new stake in shares of Dynatrace during the fourth quarter worth approximately $471,000. Artemis Investment Management LLP lifted its holdings in Dynatrace by 18.4% in the fourth quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock valued at $18,651,000 after buying an additional 53,271 shares during the period. Finally, Metis Global Partners LLC bought a new position in Dynatrace in the fourth quarter valued at approximately $571,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 0.2 %

Shares of Dynatrace stock opened at $48.63 on Friday. The stock has a market cap of $14.56 billion, a P/E ratio of 30.39, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business’s 50 day moving average is $46.98 and its 200-day moving average is $52.69.

Analyst Upgrades and Downgrades

Several brokerages have commented on DT. Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Dynatrace from $62.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.41.

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.