DekaBank Deutsche Girozentrale Purchases 31,268 Shares of Dynatrace, Inc. (NYSE:DT)

DekaBank Deutsche Girozentrale grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 59.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,572 shares of the company's stock after buying an additional 31,268 shares during the period. DekaBank Deutsche Girozentrale's holdings in Dynatrace were worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. New York State Teachers Retirement System lifted its holdings in shares of Dynatrace by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 172,274 shares of the company's stock worth $9,422,000 after acquiring an additional 559 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $2,847,000. Asset Management One Co. Ltd. lifted its holdings in shares of Dynatrace by 9.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 340,942 shares of the company's stock worth $18,878,000 after acquiring an additional 29,426 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Dynatrace by 0.8% in the 4th quarter. Arizona State Retirement System now owns 68,516 shares of the company's stock worth $3,747,000 after acquiring an additional 534 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in shares of Dynatrace by 3.4% in the 4th quarter. Stonegate Investment Group LLC now owns 29,070 shares of the company's stock worth $1,590,000 after acquiring an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company's stock, valued at approximately $847,614,494.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders have sold 14,285,187 shares of company stock valued at $751,264,421 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DT has been the subject of a number of recent research reports. JMP Securities boosted their price objective on shares of Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a report on Friday, February 2nd. Rosenblatt Securities boosted their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Dynatrace in a report on Friday, February 9th. Jefferies Financial Group upgraded shares of Dynatrace from a "hold" rating to a "buy" rating and upped their price target for the company from $50.00 to $70.00 in a report on Friday, January 5th. Finally, Wolfe Research initiated coverage on shares of Dynatrace in a report on Monday, March 18th. They set an "outperform" rating and a $60.00 price target for the company. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.04.

Dynatrace Trading Down 3.5 %

NYSE DT traded down $1.67 during trading on Friday, hitting $45.86. The company had a trading volume of 1,830,573 shares, compared to its average volume of 3,555,938. The company's fifty day moving average is $48.84 and its 200-day moving average is $50.87. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 69.49, a price-to-earnings-growth ratio of 4.06 and a beta of 1.07. Dynatrace, Inc. has a one year low of $40.43 and a one year high of $61.41.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. The firm had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, equities analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.