Dynatrace, Inc. (NYSE:DT) Shares Purchased by MYDA Advisors LLC

MYDA Advisors LLC raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the company's stock after buying an additional 40,000 shares during the period. Dynatrace comprises about 1.1% of MYDA Advisors LLC's holdings, making the stock its 29th largest position. MYDA Advisors LLC's holdings in Dynatrace were worth $4,348,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its holdings 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 worth $19,350,000 after purchasing an additional 64,999 shares during the period. Synovus Financial Corp boosted its holdings in shares of Dynatrace by 27.8% in 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. boosted its holdings in shares of Dynatrace by 16.9% in the fourth 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 in the last quarter. OFI Invest Asset Management acquired a new position in shares of Dynatrace during the fourth quarter worth about $842,000. Finally, Allstate Corp purchased a new position in Dynatrace during the fourth quarter worth about $471,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Wedbush restated an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.95.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by insiders.

Dynatrace Stock Performance

DT stock traded up $0.35 during trading on Friday, hitting $46.48. The stock had a trading volume of 593,919 shares, compared to its average volume of 3,210,199. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company's 50 day moving average price is $49.46 and its two-hundred day moving average price is $53.20.

About Dynatrace

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.