Stifel Financial Corp Purchases 9,513 Shares of Dynatrace, Inc. (NYSE:DT)

Stifel Financial Corp increased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 59.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,527 shares of the company's stock after purchasing an additional 9,513 shares during the quarter. Stifel Financial Corp's holdings in Dynatrace were worth $1,387,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace during the fourth quarter valued at $38,000. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank increased its stake 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 purchasing an additional 606 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in Dynatrace by 49.5% in the fourth 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 owned by institutional investors and hedge funds.

Dynatrace Stock Performance

Shares of DT traded up $0.08 during trading hours on Friday, reaching $48.63. 1,768,819 shares of the company traded hands, compared to its average volume of 3,181,160. The stock has a market cap of $14.56 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock's fifty day moving average is $46.98 and its 200 day moving average is $52.69.

Analyst Ratings Changes

Several equities analysts have commented on DT shares. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Scotiabank lifted their price objective on Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Loop Capital reduced their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.41.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the company'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 in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents 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.

Dynatrace Company 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.