Crestline Management LP Buys Shares of 56,855 Dynatrace, Inc. (NYSE:DT)

Crestline Management LP purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 56,855 shares of the company's stock, valued at approximately $3,090,000.

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

Analyst Upgrades and Downgrades

DT has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Barclays cut their price target on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. BMO Capital Markets decreased their price objective on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Wedbush reissued an "outperform" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.41.

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 over the last quarter. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.08 during mid-day trading on Friday, hitting $48.63. The stock had a trading volume of 1,768,819 shares, compared to its average volume of 3,181,160. The company's 50 day moving average is $46.98 and its 200-day moving average is $52.69. 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 $14.56 billion, a PE ratio of 30.39, a P/E/G 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.