Dark Forest Capital Management LP Invests $369,000 in Dynatrace, Inc. (NYSE:DT)

Dark Forest Capital Management LP 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 6,795 shares of the company's stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Dynatrace by 40.5% in the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% in the 4th 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 last quarter. Huntington National Bank raised its position in shares of Dynatrace by 218.0% during 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 in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after acquiring an additional 340 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of NYSE DT traded up $0.52 during midday trading on Friday, hitting $47.96. 1,880,598 shares of the company traded hands, compared to its average volume of 3,195,242. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market cap of $14.36 billion, a P/E ratio of 29.98, a P/E/G ratio of 7.05 and a beta of 1.05. The stock has a 50-day moving average price of $47.86 and a 200 day moving average price of $52.90.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Morgan Stanley cut their target price on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets cut their price objective on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Loop Capital decreased their target price on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.41.

Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company's stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

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.