Dynatrace, Inc. (NYSE:DT) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 244.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 275,400 shares of the company’s stock after buying an additional 195,438 shares during the quarter. Prudential Financial Inc.’s holdings in Dynatrace were worth $14,417,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC increased its stake 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 purchasing an additional 530 shares in the last quarter. UMB Bank n.a. raised its holdings in Dynatrace by 75.3% during 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 period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after buying an additional 911 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DT has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. BMO Capital Markets reduced their target price on Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Wedbush reiterated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Dynatrace Stock Performance

DT opened at $49.02 on Friday. The company has a market cap of $14.67 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock has a 50-day moving average of $55.57 and a 200-day moving average of $54.42. 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.