Hel Ved Capital Management Ltd Raises Stake in Dynatrace, Inc. (NYSE:DT)

Hel Ved Capital Management Ltd lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 200.0% during the 4th quarter, Holdings Channel reports. The fund owned 25,500 shares of the company’s stock after buying an additional 17,000 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Dynatrace were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. Vanguard Group Inc. grew its position in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after acquiring an additional 484,877 shares during the period. State Street Corp lifted its stake in shares of Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after purchasing an additional 700,332 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after purchasing an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company’s stock valued at $282,985,000 after buying an additional 87,857 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction 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 $2,220,354.48. This represents 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 valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Trading Down 8.0 %

Shares of DT stock opened at $41.99 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market cap of $12.57 billion, a P/E ratio of 26.25, a PEG ratio of 7.05 and a beta of 1.05. The firm has a fifty day moving average price of $54.75 and a 200 day moving average price of $54.24.

Analysts Set New Price Targets

Several brokerages have weighed in on DT. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Stifel Nicolaus boosted their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. DA Davidson set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

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.