Dragoneer Investment Group LLC Takes $242.38 Million Position in Dynatrace, Inc. (NYSE:DT)

Dragoneer Investment Group LLC bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,459,621 shares of the company's stock, valued at approximately $242,380,000. Dynatrace makes up approximately 4.2% of Dragoneer Investment Group LLC's portfolio, making the stock its 10th largest holding. Dragoneer Investment Group LLC owned 1.49% of Dynatrace as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 purchasing an additional 484,877 shares during the last quarter. American Century Companies Inc. boosted its stake in Dynatrace by 10.2% during the 4th 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 during the last quarter. Pictet Asset Management Holding SA boosted its stake in Dynatrace by 13.5% during the 4th 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 during the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after purchasing an additional 87,857 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Dynatrace during the 4th quarter valued at $204,000,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Up 3.0%

NYSE:DT traded up $1.47 on Monday, reaching $50.13. 993,949 shares of the company's stock traded hands, compared to its average volume of 3,172,688. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a 50-day simple moving average of $46.98 and a 200-day simple moving average of $52.68. The firm has a market cap of $15.01 billion, a PE ratio of 31.36, a P/E/G ratio of 7.05 and a beta of 0.95.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DT shares. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. BMO Capital Markets dropped their price target on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Royal Bank of Canada raised their price target on Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Barclays dropped their price target on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus price target of $60.41.

Insider Transactions at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This represents a 7.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,932 shares of company stock valued at $7,007,399. 0.59% of the stock is currently owned by insiders.

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.