Zweig DiMenna Associates LLC Buys Shares of 92,900 Dynatrace, Inc. (NYSE:DT)

Zweig DiMenna Associates LLC purchased a new position in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, Holdings Channel reports. The fund purchased 92,900 shares of the company’s stock, valued at approximately $5,049,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverview Trust Co increased its holdings in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. grew its position in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Dynatrace during the third quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised 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 acquiring an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter worth $52,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, 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 SEC, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DT has been the topic of several research analyst reports. Truist Financial boosted their price target 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. UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets increased their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $61.68.

Dynatrace Stock Up 1.3 %

Dynatrace stock opened at $55.52 on Friday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The company has a market cap of $16.57 billion, a P/E ratio of 100.94, a P/E/G ratio of 7.94 and a beta of 1.02. The business has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $51.47.

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.