Dynatrace, Inc. (NYSE:DT) Shares Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,009 shares of the company's stock after acquiring an additional 12,247 shares during the period. State of Tennessee Department of Treasury's holdings in Dynatrace were worth $7,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DT. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the fourth quarter worth about $38,000. Nisa Investment Advisors LLC grew its position in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. Huntington National Bank increased its holdings in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after buying an additional 606 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Dynatrace by 49.5% during the 4th quarter. GeoWealth Management LLC now owns 1,027 shares of the company's stock valued at $56,000 after acquiring an additional 340 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on Dynatrace from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Morgan Stanley cut their price target on Dynatrace from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays lowered their price objective on shares of Dynatrace from $67.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Dynatrace presently has an average rating of "Moderate Buy" and an average target price of $60.41.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Dynatrace Trading Down 1.9 %

Shares of DT traded down $0.89 during mid-day trading on Wednesday, reaching $46.46. The company had a trading volume of 347,536 shares, compared to its average volume of 3,129,741. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The firm has a fifty day simple moving average of $48.56 and a 200-day simple moving average of $53.04. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth 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.