Assetmark Inc. Acquires 3,345 Shares of Dynatrace, Inc. (NYSE:DT)

Assetmark Inc. increased its position in Dynatrace, Inc. (NYSE:DT) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,699 shares of the company’s stock after buying an additional 3,345 shares during the quarter. Assetmark Inc.’s holdings in Dynatrace were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position 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 buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its position in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Dynatrace in the 3rd quarter worth approximately $52,000. Finally, UMB Bank n.a. lifted its position 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 buying an additional 541 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Truist Financial lifted their price target on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % 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 valued at $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT opened at $52.36 on Monday. The stock has a market capitalization of $15.67 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock’s 50 day moving average price is $56.43 and its 200-day moving average price is $54.53. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

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.