Cetera Investment Advisers lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,869 shares of the company's stock after purchasing an additional 6,444 shares during the quarter. Cetera Investment Advisers' holdings in Dynatrace were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. Coppell Advisory Solutions LLC boosted its position in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after acquiring an additional 669 shares during the period. Finally, Huntington National Bank boosted its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.
Dynatrace Stock Performance
Shares of DT stock opened at $53.35 on Friday. The stock's 50 day simple moving average is $46.98 and its 200 day simple moving average is $52.61. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 7.05 and a beta of 0.95.
Insider Activity at Dynatrace
In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This trade represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by company insiders.
Analysts Set New Price Targets
DT has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald restated a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. UBS Group raised their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Barclays raised their price objective on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $61.22.
Get Our Latest Stock Report on DT
Dynatrace Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT - Free Report).
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