Hsbc Holdings PLC Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Hsbc Holdings PLC increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 33.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 322,031 shares of the company's stock after purchasing an additional 79,924 shares during the period. Hsbc Holdings PLC owned approximately 0.11% of Dynatrace worth $17,505,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DT. Norges Bank bought a new position in Dynatrace in the 4th quarter worth $192,284,000. Raymond James Financial Inc. bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $102,209,000. TimesSquare Capital Management LLC purchased a new stake in Dynatrace in the fourth quarter worth $73,906,000. Barclays PLC raised its holdings in Dynatrace by 85.3% in 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 in the last quarter. Finally, DSM Capital Partners LLC boosted its holdings in shares of Dynatrace by 55.3% during the 4th quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company's stock valued at $133,407,000 after buying an additional 874,429 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Down 0.8 %

NYSE:DT traded down $0.40 during mid-day trading on Wednesday, hitting $46.95. 2,616,244 shares of the company traded hands, compared to its average volume of 3,223,912. The stock's fifty day moving average price is $48.56 and its 200-day moving average price is $53.04. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was 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 approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Friday, February 14th. The stock was 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 of the company's stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DT has been the subject of a number of recent research reports. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. BMO Capital Markets lowered their price objective on Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research note 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 analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.41.

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.