Dynatrace, Inc. (NYSE:DT) Shares Bought by United Services Automobile Association

United Services Automobile Association lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,918 shares of the company’s stock after buying an additional 1,125 shares during the period. United Services Automobile Association’s holdings in Dynatrace were worth $1,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its position in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. Synovus Financial Corp grew its position in Dynatrace by 27.8% in the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the last quarter. QRG Capital Management Inc. increased its stake in Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after buying an additional 9,251 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Dynatrace during the 4th quarter worth $842,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 1.7 %

Shares of DT stock opened at $50.66 on Tuesday. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 7.05 and a beta of 1.12. The firm has a 50-day moving average price of $55.61 and a 200 day moving average price of $54.48. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DT shares. Wedbush reiterated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. DA Davidson set a $70.00 target price on Dynatrace in a research note on Friday, January 31st. Morgan Stanley upped their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Activity

In other Dynatrace 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 value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a filing 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 dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last 90 days. Insiders own 0.59% of the company’s stock.

About Dynatrace

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.