19,178 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Nvwm LLC

Nvwm LLC bought a new position in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,178 shares of the company’s stock, valued at approximately $1,042,000.

A number of other large investors have also recently made changes to their positions in DT. Retirement Systems of Alabama boosted its stake in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares during the period. Geode Capital Management LLC boosted its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares during the period. Synovus Financial Corp grew its stake in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Dynatrace by 6.6% during the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after acquiring an additional 52,000 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Up 0.8 %

NYSE DT opened at $59.37 on Wednesday. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 8.37 and a beta of 1.04. The stock has a 50-day moving average of $54.95 and a 200 day moving average of $52.35. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DT shares. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, January 29th. Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Scotiabank upped their target price 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 equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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.