Dynatrace, Inc. (NYSE:DT) Shares Bought by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 200.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,500 shares of the company’s stock after purchasing an additional 17,000 shares during the period. Hel Ved Capital Management Ltd’s holdings in Dynatrace were worth $1,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DT. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in the 4th 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. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the fourth quarter worth $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Huntington National Bank increased its position in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after acquiring an additional 606 shares during the period. Finally, UMB Bank n.a. raised its stake in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after acquiring an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group reduced their price target on shares of Dynatrace from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Performance

NYSE:DT opened at $41.99 on Friday. The stock has a market capitalization of $12.57 billion, a PE ratio of 26.25, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The company has a fifty day moving average of $54.75 and a two-hundred day moving average of $54.24.

Insider Transactions at Dynatrace

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 transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. Corporate insiders own 0.59% of the company’s stock.

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.