Nuveen Asset Management LLC lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,240,119 shares of the company's stock after purchasing an additional 274,935 shares during the quarter. Nuveen Asset Management LLC owned 0.41% of Dynatrace worth $67,400,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of DT. Barclays PLC grew its holdings in shares of Dynatrace by 85.3% during 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. Park Avenue Securities LLC grew its holdings in shares of Dynatrace by 20.4% during the fourth quarter. Park Avenue Securities LLC now owns 29,600 shares of the company's stock worth $1,609,000 after purchasing an additional 5,023 shares in the last quarter. Avanza Fonder AB bought a new stake in Dynatrace in the 4th quarter worth approximately $1,095,000. Arkadios Wealth Advisors bought a new stake in Dynatrace in the 4th quarter worth approximately $300,000. Finally, Jackson Square Capital LLC bought a new stake in Dynatrace in the 4th quarter worth approximately $862,000. Hedge funds and other institutional investors own 94.28% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. DA Davidson boosted their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday. Cantor Fitzgerald restated a "neutral" rating and issued a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group dropped their target price on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Royal Bank of Canada boosted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday. 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, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $61.22.
Check Out Our Latest Research Report on DT
Insider Activity at Dynatrace
In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company'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 transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.
Dynatrace Stock Up 0.6%
Shares of Dynatrace stock opened at $53.35 on Friday. The company has a market cap of $15.97 billion, a PE ratio of 33.34, a P/E/G ratio of 7.05 and a beta of 0.95. The business has a 50 day moving average of $46.98 and a 200 day moving average of $52.61. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.
About Dynatrace
(
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.
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