Alpha DNA Investment Management LLC Purchases New Shares in Dynatrace, Inc. (NYSE:DT)

Alpha DNA Investment Management LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,282 shares of the company's stock, valued at approximately $776,000.

Several other hedge funds have also made changes to their positions in DT. Vanguard Group Inc. boosted its holdings in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after acquiring an additional 484,877 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock valued at $411,449,000 after purchasing an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Dynatrace by 13.5% during 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 during the period. Geode Capital Management LLC increased its position in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after purchasing an additional 87,857 shares in the last quarter. Finally, Norges Bank acquired a new stake in Dynatrace during the 4th quarter worth approximately $192,284,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Up 2.4 %

Shares of Dynatrace stock traded up $1.01 during trading on Wednesday, reaching $43.91. 865,914 shares of the company were exchanged, compared to its average volume of 3,225,855. The business has a 50-day moving average price of $50.12 and a 200-day moving average price of $53.32. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Insider Activity

In other news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. Company insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

DT has been the subject of several research reports. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. DA Davidson cut their price objective on Dynatrace from $70.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Loop Capital decreased their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.95.

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.