Ontario Teachers Pension Plan Board Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Ontario Teachers Pension Plan Board purchased a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,052 shares of the company's stock, valued at approximately $709,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DT. Stifel Financial Corp raised its position in Dynatrace by 15.7% in the third quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after purchasing an additional 2,177 shares during the period. Barclays PLC lifted its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after acquiring an additional 981,964 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dynatrace during the third quarter worth about $131,000. Tidal Investments LLC grew its holdings in shares of Dynatrace by 2.7% in the third quarter. Tidal Investments LLC now owns 35,113 shares of the company's stock valued at $1,877,000 after purchasing an additional 923 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock worth $3,427,000 after buying an additional 13,957 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DT. Royal Bank of Canada increased their price objective on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley cut their target price 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. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment 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, Dynatrace has an average rating of "Moderate Buy" and a consensus target price of $61.45.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction on 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. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Performance

Shares of DT traded up $0.05 during trading hours on Tuesday, hitting $42.22. The stock had a trading volume of 675,990 shares, compared to its average volume of 3,218,248. The company's fifty day simple moving average is $50.51 and its 200 day simple moving average is $53.39. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a market cap of $12.64 billion, a P/E ratio of 26.34, a P/E/G ratio of 7.05 and a beta of 1.05.

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.