Natixis Invests $1.04 Million in Dynatrace, Inc. (NYSE:DT)

Natixis purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,053 shares of the company's stock, valued at approximately $1,036,000.

A number of other hedge funds have also made changes to their positions in DT. Smartleaf Asset Management LLC lifted its position 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. acquired a new position in shares of Dynatrace during the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. Huntington National Bank grew its holdings in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares during the last quarter. Finally, GeoWealth Management LLC increased its position in Dynatrace by 49.5% in the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock worth $56,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Trading Up 2.9 %

Shares of Dynatrace stock traded up $1.34 during mid-day trading on Tuesday, reaching $47.80. 1,200,670 shares of the stock were exchanged, compared to its average volume of 3,208,340. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a 50-day simple moving average of $48.84 and a 200 day simple moving average of $53.08.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were 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 approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of several research reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Morgan Stanley dropped their price objective on shares of Dynatrace from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets reduced their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.95.

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.