MML Investors Services LLC Purchases 10,585 Shares of Dynatrace, Inc. (NYSE:DT)

MML Investors Services LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,596 shares of the company's stock after acquiring an additional 10,585 shares during the period. MML Investors Services LLC's holdings in Dynatrace were worth $5,359,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after purchasing an additional 206 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after purchasing an additional 216 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock worth $500,000 after purchasing an additional 222 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Dynatrace by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity

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 sale, the chief executive officer now owns 506,720 shares of the company's stock, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. Corporate insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson dropped their price objective on Dynatrace from $70.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Loop Capital dropped their target price on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their price objective on Dynatrace from $67.00 to $55.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Royal Bank of Canada increased their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.41.

Dynatrace Stock Up 2.2 %

DT traded up $1.02 during trading on Thursday, hitting $47.99. The company had a trading volume of 1,241,683 shares, compared to its average volume of 3,220,277. The company has a market capitalization of $14.37 billion, a PE ratio of 30.02, a PEG ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The firm's 50-day moving average price is $48.31 and its 200 day moving average price is $53.00.

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.