118,895 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 118,895 shares of the company's stock, valued at approximately $6,462,000.

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

Dynatrace Trading Up 0.6%

Shares of NYSE:DT traded up $0.32 during trading on Friday, hitting $53.35. 2,887,961 shares of the stock were exchanged, compared to its average volume of 3,131,838. The company has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $52.63. The company has a market cap of $15.97 billion, a PE ratio of 33.34, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Tuesday. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. UBS Group lifted their price objective on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Eight equities research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $61.22.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated 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 sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company's stock.

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.