CIBC Asset Management Inc Acquires 1,390 Shares of Dynatrace, Inc. (NYSE:DT)

CIBC Asset Management Inc raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,864 shares of the company’s stock after acquiring an additional 1,390 shares during the period. CIBC Asset Management Inc’s holdings in Dynatrace were worth $645,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Geode Capital Management LLC boosted its holdings in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC boosted its holdings in Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after acquiring an additional 494,028 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after acquiring an additional 648,808 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of Dynatrace by 23.9% during the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after buying an additional 482,017 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents 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 through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,459 shares of company stock valued at $10,052,682. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 2.4 %

NYSE DT opened at $59.79 on Friday. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 7.05 and a beta of 1.04. The company has a 50 day moving average of $56.08 and a 200-day moving average of $53.93. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed 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 sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.25.

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.