Dynatrace, Inc. (NYSE:DT) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,673,961 shares of the company's stock after buying an additional 79,099 shares during the period. Deutsche Bank AG owned about 0.56% of Dynatrace worth $90,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Dynatrace by 8.4% in the 4th quarter. Nordea Investment Management AB now owns 20,444 shares of the company's stock worth $1,113,000 after acquiring an additional 1,577 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Dynatrace by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,291 shares of the company's stock valued at $604,000 after buying an additional 308 shares during the period. Cooper Financial Group grew its stake in shares of Dynatrace by 6.0% in the 4th quarter. Cooper Financial Group now owns 15,391 shares of the company's stock worth $837,000 after purchasing an additional 871 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Dynatrace by 464.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 711,756 shares of the company's stock worth $38,684,000 after purchasing an additional 585,675 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction 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 owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.59% of the company's stock.

Dynatrace Price Performance

DT stock traded down $0.47 during trading on Thursday, hitting $53.03. The stock had a trading volume of 3,708,330 shares, compared to its average volume of 3,193,522. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a market capitalization of $15.87 billion, a P/E ratio of 33.14, a PEG ratio of 7.05 and a beta of 0.95. The company's 50-day moving average price is $46.82 and its two-hundred day moving average price is $52.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday. Loop Capital lowered their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $61.22.

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.