Handelsbanken Fonder AB Has $102.21 Million Position in Dynatrace, Inc. (NYSE:DT)

Handelsbanken Fonder AB boosted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 104.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,868,800 shares of the company's stock after acquiring an additional 956,000 shares during the quarter. Handelsbanken Fonder AB owned 0.63% of Dynatrace worth $102,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DT. Price T Rowe Associates Inc. MD lifted its stake in shares of Dynatrace by 2,277.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,934,130 shares of the company's stock valued at $293,315,000 after purchasing an additional 6,642,452 shares during the period. American Century Companies Inc. lifted its stake in shares of Dynatrace by 11,824.1% in the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company's stock valued at $112,702,000 after purchasing an additional 2,391,545 shares during the period. State Street Corp lifted its stake in shares of Dynatrace by 55.7% in the 3rd quarter. State Street Corp now owns 6,202,122 shares of the company's stock valued at $215,896,000 after purchasing an additional 2,218,679 shares during the period. Norges Bank purchased a new position in shares of Dynatrace in the 4th quarter valued at approximately $82,232,000. Finally, 1832 Asset Management L.P. purchased a new position in Dynatrace during the first quarter valued at $84,600,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.86 during trading hours on Friday, hitting $45.40. The company's stock had a trading volume of 3,134,795 shares, compared to its average volume of 2,922,917. The company has a market cap of $13.37 billion, a PE ratio of 68.79, a PEG ratio of 3.89 and a beta of 1.07. Dynatrace, Inc. has a 12-month low of $40.43 and a 12-month high of $61.41. The business has a 50 day moving average price of $47.55 and a two-hundred day moving average price of $50.89.

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

Analysts Set New Price Targets

DT has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Dynatrace in a research note on Friday, February 9th. Jefferies Financial Group raised Dynatrace from a "hold" rating to a "buy" rating and lifted their target price for the stock from $50.00 to $70.00 in a report on Friday, January 5th. Citigroup lifted their target price on Dynatrace from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Scotiabank lifted their target price on Dynatrace from $62.00 to $70.00 and gave the stock a "sector outperform" rating in a report on Monday, February 5th. Finally, Wolfe Research assumed coverage on Dynatrace in a report on Monday, March 18th. They issued an "outperform" rating and a $60.00 target price for the company. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.08.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares of the company's stock, valued at $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $103,352.81. Following the transaction, the chief executive officer now owns 514,106 shares of the company's stock, valued at $26,687,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was 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 owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,278,591 shares of company stock worth $750,893,396. Corporate insiders own 0.54% of the company's stock.

Dynatrace Company 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.