Coronation Fund Managers Ltd. Has $15.85 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Coronation Fund Managers Ltd. raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 291,627 shares of the company’s stock after purchasing an additional 5,225 shares during the quarter. Dynatrace accounts for approximately 0.9% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 29th biggest holding. Coronation Fund Managers Ltd.’s holdings in Dynatrace were worth $15,850,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $1,579,000. Wilmington Savings Fund Society FSB boosted its position in Dynatrace by 17.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,876 shares of the company’s stock valued at $156,000 after acquiring an additional 423 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Dynatrace by 55.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,148 shares of the company’s stock worth $1,856,000 after acquiring an additional 12,207 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Dynatrace by 12.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 617,977 shares of the company’s stock worth $33,587,000 after acquiring an additional 66,607 shares in the last quarter. Finally, Nvwm LLC acquired a new position in shares of Dynatrace in the 4th quarter valued at about $1,042,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday. Royal Bank of Canada raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets boosted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities reissued a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday. Finally, Barclays lifted their price target 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 investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by insiders.

Dynatrace Price Performance

DT opened at $59.80 on Monday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.40. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 6.93 and a beta of 1.04. The firm’s fifty day moving average price is $55.21 and its two-hundred day moving average price is $52.63.

Dynatrace Company Profile

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.