MetLife Investment Management LLC Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

MetLife Investment Management LLC raised its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,189 shares of the company's stock after purchasing an additional 13,848 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Dynatrace worth $9,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DT. Norges Bank purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $192,284,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $102,209,000. TimesSquare Capital Management LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $73,906,000. Barclays PLC boosted its stake in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after buying an additional 981,964 shares in the last quarter. Finally, DSM Capital Partners LLC boosted its stake in shares of Dynatrace by 55.3% in the fourth quarter. DSM Capital Partners LLC now owns 2,454,582 shares of the company's stock valued at $133,407,000 after buying an additional 874,429 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DT. Barclays lowered their target price on Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Royal Bank of Canada raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.95.

Insider Buying and Selling

In other news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company's stock.

Dynatrace Stock Up 0.7 %

Shares of DT traded up $0.30 during mid-day trading on Friday, hitting $46.43. The company had a trading volume of 1,797,854 shares, compared to its average volume of 3,222,667. The business's 50-day simple moving average is $49.15 and its 200-day simple moving average is $53.14. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock has a market cap of $13.90 billion, a PE ratio of 29.02, a P/E/G ratio of 7.05 and a beta of 1.05.

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.