LaFleur & Godfrey LLC Makes New $352,000 Investment in Dynatrace, Inc. (NYSE:DT)

LaFleur & Godfrey LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,480 shares of the company’s stock, valued at approximately $352,000.

A number of other institutional investors have also recently made changes to their positions in the business. Riverview Trust Co grew its position in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Paladin Wealth LLC purchased a new stake in shares of Dynatrace during the third quarter valued at $38,000. Capital Performance Advisors LLP acquired a new position in shares of Dynatrace in the 3rd quarter valued at $52,000. Finally, Park Place Capital Corp raised its stake in Dynatrace by 48.6% in the 3rd quarter. Park Place Capital Corp now owns 1,412 shares of the company’s stock worth $76,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 0.5 %

Shares of NYSE:DT opened at $51.31 on Monday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm’s 50 day moving average price is $54.27 and its 200 day moving average price is $51.27. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DT shares. BMO Capital Markets increased their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays lifted their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Scotiabank boosted their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, BTIG Research raised their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $61.92.

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.