LMR Partners LLP Takes Position in Dynatrace, Inc. (NYSE:DT)

LMR Partners LLP bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 180,000 shares of the company's stock, valued at approximately $9,783,000. LMR Partners LLP owned approximately 0.06% of Dynatrace as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace in the fourth quarter valued at $38,000. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after purchasing an additional 669 shares during the period. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during 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 in the last quarter. Finally, Huntington National Bank increased its stake 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 buying an additional 606 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on 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 transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on DT shares. Cantor Fitzgerald restated a "neutral" rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Scotiabank raised their price objective on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Loop Capital dropped their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and an average price target of $61.22.

Dynatrace Price Performance

Shares of NYSE DT traded down $0.47 during midday trading on Thursday, reaching $53.03. 3,708,330 shares of the company traded hands, compared to its average volume of 3,161,907. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 7.05 and a beta of 0.95. The stock has a 50-day moving average price of $46.82 and a 200 day moving average price of $52.65. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

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.