Quantbot Technologies LP Invests $2.52 Million in Dynatrace, Inc. (NYSE:DT)

Quantbot Technologies LP purchased a new position in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 46,350 shares of the company’s stock, valued at approximately $2,519,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares in the last quarter. Virtue Capital Management LLC boosted its stake in Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after buying an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after buying an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Dynatrace by 0.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock valued at $3,583,000 after buying an additional 253 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Scotiabank raised their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research note on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.35.

Dynatrace Trading Up 0.4 %

Shares of NYSE DT opened at $49.85 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The firm has a market capitalization of $14.92 billion, a PE ratio of 31.15, a PEG ratio of 7.05 and a beta of 1.12. The business has a 50-day moving average price of $55.61 and a two-hundred day moving average price of $54.43.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was 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. The trade was a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace 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 sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. 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. 0.59% of the stock is currently owned by company insiders.

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.