6,795 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,795 shares of the company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake 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 period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC lifted its holdings in 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 in the last quarter. Huntington National Bank boosted 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 buying an additional 606 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in Dynatrace by 49.5% in the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after buying an additional 340 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DT has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Barclays cut their target price on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley decreased their price target on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.41.

Insider Buying and Selling

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

Dynatrace Trading Up 1.0 %

Dynatrace stock traded up $0.45 during midday trading on Thursday, reaching $47.42. 4,216,886 shares of the stock traded hands, compared to its average volume of 3,231,574. The firm has a fifty day moving average price of $48.31 and a two-hundred day moving average price of $53.00. 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 cap of $14.20 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 7.05 and a beta of 1.05.

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.