Boothbay Fund Management LLC Invests $307,000 in Dynatrace, Inc. (NYSE:DT)

Boothbay Fund Management LLC acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,641 shares of the company's stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. Vanguard Group Inc. grew its holdings in Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after buying an additional 484,877 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 10.2% in the fourth 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% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock valued at $381,860,000 after purchasing an additional 834,225 shares in the last quarter. Geode Capital Management LLC increased its position in Dynatrace by 1.7% in the fourth 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 during the last quarter. Finally, Norges Bank purchased a new stake in Dynatrace during the fourth quarter valued at $192,284,000. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was 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 in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DT has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Scotiabank boosted their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Jefferies Financial Group lowered their price objective on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Stifel Nicolaus boosted their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. 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.com, the company has an average rating of "Moderate Buy" and an average price target of $60.41.

Dynatrace Trading Down 0.5 %

Shares of NYSE DT traded down $0.22 during trading hours on Tuesday, reaching $47.37. The stock had a trading volume of 1,663,560 shares, compared to its average volume of 3,183,486. The business's fifty day moving average price is $47.64 and its two-hundred day moving average price is $52.84. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

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.