Geode Capital Management LLC Grows Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Geode Capital Management LLC grew its stake in Dynatrace, Inc. (NYSE:DT) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,215,824 shares of the company’s stock after acquiring an additional 87,857 shares during the period. Geode Capital Management LLC owned 1.74% of Dynatrace worth $282,985,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DT. Retirement Systems of Alabama raised its holdings in shares of Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Synovus Financial Corp increased its position in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after purchasing an additional 13,957 shares during the period. QRG Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 9,251 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Dynatrace in the 4th quarter worth approximately $842,000. Finally, Artemis Investment Management LLP boosted its stake in shares of Dynatrace by 18.4% during the fourth quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock valued at $18,651,000 after purchasing an additional 53,271 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of DT stock opened at $41.99 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm 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. The stock’s 50-day simple moving average is $54.75 and its 200-day simple moving average is $54.26.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s 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 transaction, the chief executive officer now owns 548,684 shares of the company’s stock, 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 SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $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. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last quarter. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. BMO Capital Markets dropped their price objective on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $63.35.

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.