Schroder Investment Management Group Takes Position in Dynatrace, Inc. (NYSE:DT)

Schroder Investment Management Group purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,107 shares of the company's stock, valued at approximately $332,000.

Several other institutional investors have also recently made changes to their positions in DT. Arrowstreet Capital Limited Partnership bought a new position in shares of Dynatrace in the 4th quarter worth $12,200,000. Intrust Bank NA bought a new position in Dynatrace in the fourth quarter valued at $228,000. Allstate Corp purchased a new stake in Dynatrace during the fourth quarter valued at about $471,000. DnB Asset Management AS lifted its stake in Dynatrace by 3.5% during the fourth quarter. DnB Asset Management AS now owns 50,482 shares of the company's stock worth $2,744,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after purchasing an additional 834,225 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of DT traded up $0.81 during mid-day trading on Monday, reaching $43.92. The company had a trading volume of 136,056 shares, compared to its average volume of 3,223,505. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The firm has a 50-day moving average price of $52.65 and a 200 day moving average price of $53.81. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Morgan Stanley boosted their price target 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. Finally, Jefferies Financial Group reduced their price objective on Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.13.

Insider Buying and Selling at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of the firm'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 completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by insiders.

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.