Mariner LLC Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Mariner LLC grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,979 shares of the company’s stock after purchasing an additional 637 shares during the quarter. Mariner LLC’s holdings in Dynatrace were worth $7,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank bought a new stake in Dynatrace in the 4th quarter valued at $192,284,000. Raymond James Financial Inc. bought a new position in Dynatrace during the fourth quarter valued at approximately $102,209,000. TimesSquare Capital Management LLC purchased a new position in Dynatrace during the 4th quarter valued at approximately $73,906,000. Barclays PLC increased its stake in Dynatrace by 85.3% in the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Finally, DSM Capital Partners LLC raised its holdings in shares of Dynatrace by 55.3% during the 4th quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company’s stock worth $133,407,000 after acquiring an additional 874,429 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 0.3 %

Shares of DT stock opened at $43.08 on Friday. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business’s fifty day simple moving average is $50.91 and its 200-day simple moving average is $53.46. The company has a market cap of $12.90 billion, a PE ratio of 26.93, a PEG ratio of 7.05 and a beta of 1.05.

Analysts Set New Price Targets

DT has been the topic of a number of recent research reports. Jefferies Financial Group decreased their price target on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.83.

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.