Caisse DE Depot ET Placement DU Quebec Makes New $51.73 Million Investment in Dynatrace, Inc. (NYSE:DT)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 951,810 shares of the company's stock, valued at approximately $51,731,000. Caisse DE Depot ET Placement DU Quebec owned about 0.32% of Dynatrace at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. American Century Companies Inc. grew its holdings in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after buying an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in 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. Geode Capital Management LLC boosted its stake in Dynatrace by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after buying an additional 87,857 shares during the period. Finally, Norges Bank purchased a new stake in Dynatrace in the fourth quarter valued at approximately $192,284,000. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DT has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Robert W. Baird set a $65.00 price target on Dynatrace in a research note on Friday, January 31st. Barclays reduced their price objective on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group dropped their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.41.

Dynatrace Stock Down 0.5 %

Dynatrace stock traded down $0.22 during mid-day trading on Tuesday, reaching $47.37. 1,655,221 shares of the company's stock traded hands, compared to its average volume of 3,183,453. The stock has a 50 day moving average of $47.64 and a two-hundred day moving average of $52.84. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 7.05 and a beta of 0.95.

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.