First Trust Advisors LP Grows Stake in Dynatrace, Inc. (NYSE:DT)

First Trust Advisors LP raised its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 227.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 571,942 shares of the company's stock after purchasing an additional 397,456 shares during the period. First Trust Advisors LP owned 0.19% of Dynatrace worth $31,085,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the fourth quarter worth $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank boosted its position in shares of Dynatrace by 218.0% during the fourth 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 increased its holdings in Dynatrace by 49.5% in the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after buying an additional 340 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Down 0.8 %

NYSE DT traded down $0.40 during trading on Wednesday, hitting $46.95. 2,616,244 shares of the stock traded hands, compared to its average volume of 3,227,633. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a 50-day simple moving average of $48.31 and a 200-day simple moving average of $53.00. The company has a market capitalization of $14.05 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. DA Davidson reduced their price objective on Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Jefferies Financial Group decreased their price objective on Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Barclays lowered their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $60.41.

Insider Activity

In other news, CFO James M. Benson sold 34,932 shares of the company'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 transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction 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 approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. 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 currently owned by insiders.

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.