Dynatrace, Inc. (NYSE:DT) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 2,250,100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,502 shares of the company’s stock after acquiring an additional 22,501 shares during the quarter. AlphaQuest LLC’s holdings in Dynatrace were worth $1,223,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in shares of Dynatrace during the fourth quarter valued at approximately $842,000. Amundi increased its stake in shares of Dynatrace by 50.7% during the fourth quarter. Amundi now owns 774,429 shares of the company’s stock valued at $40,448,000 after acquiring an additional 260,417 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Dynatrace by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,731 shares of the company’s stock valued at $1,888,000 after acquiring an additional 1,052 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Dynatrace by 14.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 202,825 shares of the company’s stock valued at $11,088,000 after acquiring an additional 25,183 shares during the period. Finally, Machina Capital S.A.S. acquired a new position in shares of Dynatrace during the fourth quarter valued at approximately $363,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Down 2.3 %

Shares of NYSE:DT opened at $52.36 on Monday. The firm has a fifty day moving average of $56.43 and a two-hundred day moving average of $54.53. The firm has a market capitalization of $15.67 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. Company insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DT. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. DA Davidson set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.