Man Group plc Purchases 306,669 Shares of Dynatrace, Inc. (NYSE:DT)

Man Group plc grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 118.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 565,371 shares of the company's stock after acquiring an additional 306,669 shares during the quarter. Man Group plc owned 0.19% of Dynatrace worth $30,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the fourth quarter worth approximately $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of Dynatrace by 1,423.4% during 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. Finally, Huntington National Bank raised its holdings 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 acquiring an additional 606 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday. UBS Group upped their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.43.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.13 on Monday, hitting $53.24. The company's stock had a trading volume of 2,334,801 shares, compared to its average volume of 3,125,026. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The stock's 50-day moving average is $46.98 and its two-hundred day moving average is $52.60. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 29.51% and a return on equity of 8.98%. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm's revenue was up 16.9% compared to the same quarter last year. Equities analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.59% of the company's stock.

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.