Olympiad Research LP Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Olympiad Research LP acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,861 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama grew 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 valued at $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC grew its position in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Synovus Financial Corp grew 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 last quarter. Crossmark Global Holdings Inc. grew its position in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after purchasing an additional 9,444 shares during the last quarter. Finally, Swiss National Bank grew its position in Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after purchasing an additional 52,000 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 2.4 %

Dynatrace stock opened at $59.79 on Monday. The firm has a 50 day moving average of $56.08 and a 200 day moving average of $53.98. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at $30,631,224. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays upped their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

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.