Nuveen Asset Management LLC Raises Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Nuveen Asset Management LLC increased its position in Dynatrace, Inc. (NYSE:DT) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,240,119 shares of the company’s stock after purchasing an additional 274,935 shares during the period. Nuveen Asset Management LLC’s holdings in Dynatrace were worth $67,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Dynatrace in the fourth quarter worth $242,380,000. Alyeska Investment Group L.P. purchased a new stake in shares of Dynatrace in the fourth quarter worth $204,000,000. Norges Bank purchased a new stake in shares of Dynatrace in the fourth quarter worth $192,284,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the fourth quarter worth $102,209,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Dynatrace in the fourth quarter worth $73,906,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. DA Davidson increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets increased their price objective on Dynatrace from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.22.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 0.6%

DT stock opened at $53.35 on Friday. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a market cap of $15.97 billion, a P/E ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95. The business’s 50-day moving average price is $46.98 and its 200-day moving average price is $52.61.

Dynatrace Company 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.