Dynatrace, Inc. (NYSE:DT) Shares Acquired by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,753 shares of the company's stock after purchasing an additional 39,742 shares during the quarter. Dynatrace makes up about 1.7% of Melqart Asset Management UK Ltd's investment portfolio, making the stock its 19th largest holding. Melqart Asset Management UK Ltd owned approximately 0.09% of Dynatrace worth $14,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama raised its position in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after buying an additional 64,999 shares during the last quarter. Synovus Financial Corp grew its stake in Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after acquiring an additional 13,957 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after acquiring an additional 9,251 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Dynatrace in the 4th quarter worth $842,000. Finally, Allstate Corp bought a new position in shares of Dynatrace during the 4th quarter valued at about $471,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last three months. 0.59% of the stock is owned by company insiders.

Dynatrace Price Performance

Shares of DT stock traded up $0.61 during mid-day trading on Friday, hitting $48.05. The stock had a trading volume of 902,530 shares, compared to its average volume of 3,227,409. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm's 50-day moving average is $48.07 and its two-hundred day moving average is $52.95. The firm has a market capitalization of $14.38 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Analyst Ratings Changes

A number of equities research analysts recently commented on DT shares. BMO Capital Markets decreased their target price on Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. DA Davidson cut their target price on shares of Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group decreased 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. Finally, Scotiabank increased their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $60.41.

Dynatrace 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.