Bamco Inc. NY Acquires 6,627 Shares of Dynatrace, Inc. (NYSE:DT)

Bamco Inc. NY grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 578,184 shares of the company's stock after acquiring an additional 6,627 shares during the quarter. Bamco Inc. NY owned about 0.19% of Dynatrace worth $31,424,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the fourth quarter valued at $38,000. Nisa Investment Advisors LLC lifted its position in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. Coppell Advisory Solutions LLC boosted its stake in Dynatrace by 1,423.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DT shares. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Finally, Wedbush reiterated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and an average price target of $60.41.

Dynatrace Trading Up 0.2 %

NYSE DT traded up $0.08 during trading on Friday, reaching $48.63. 1,768,819 shares of the company's stock were exchanged, compared to its average volume of 3,181,160. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a market capitalization of $14.56 billion, a PE ratio of 30.39, a P/E/G ratio of 7.05 and a beta of 0.95. The company's fifty day simple moving average is $46.98 and its 200-day simple moving average is $52.69.

Dynatrace 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.