Dynatrace, Inc. (NYSE:DT) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 137.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 271,877 shares of the company's stock after purchasing an additional 157,249 shares during the quarter. Bridgewater Associates LP owned 0.09% of Dynatrace worth $14,777,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the period. Huntington National Bank raised its position in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after acquiring an additional 541 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Performance

Dynatrace stock traded down $0.82 during trading on Monday, hitting $42.28. The company's stock had a trading volume of 506,418 shares, compared to its average volume of 3,215,714. The stock's fifty day moving average is $50.91 and its 200 day moving average is $53.47. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 7.05 and a beta of 1.05.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company's stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 in the last 90 days. 0.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Royal Bank of Canada boosted 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. Morgan Stanley lowered their price target on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.45.

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.