Capital Fund Management S.A. Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Capital Fund Management S.A. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 76.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 147,579 shares of the company’s stock after acquiring an additional 63,718 shares during the period. Capital Fund Management S.A.’s holdings in Dynatrace were worth $8,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. F M Investments LLC grew its position in shares of Dynatrace by 8.5% during the fourth quarter. F M Investments LLC now owns 113,567 shares of the company’s stock valued at $6,172,000 after purchasing an additional 8,932 shares in the last quarter. APG Asset Management N.V. boosted its stake in Dynatrace by 467.0% during the fourth quarter. APG Asset Management N.V. now owns 211,801 shares of the company’s stock valued at $11,117,000 after buying an additional 174,444 shares during the last quarter. Bank of Nova Scotia grew its holdings in Dynatrace by 24.6% during the 4th quarter. Bank of Nova Scotia now owns 17,118 shares of the company’s stock valued at $930,000 after buying an additional 3,385 shares in the last quarter. Renaissance Technologies LLC increased its stake in Dynatrace by 151.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,167,058 shares of the company’s stock worth $63,430,000 after acquiring an additional 702,958 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Dynatrace by 16.0% during the 4th quarter. FIL Ltd now owns 44,661 shares of the company’s stock worth $2,427,000 after acquiring an additional 6,145 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $43.04 on Friday. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The firm’s 50-day moving average is $52.65 and its 200 day moving average is $53.80. The company has a market capitalization of $12.88 billion, a PE ratio of 26.90, a P/E/G ratio of 7.05 and a beta of 1.05.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of recent research reports. UBS Group raised their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, BMO Capital Markets reduced their price objective on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the 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 transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 in the last three months. Corporate insiders own 0.59% of the company’s stock.

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.