Blue Trust Inc. Raises Stock Position in Dynatrace, Inc. (NYSE:DT)

Blue Trust Inc. raised its position in Dynatrace, Inc. (NYSE:DT) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,493 shares of the company’s stock after purchasing an additional 2,871 shares during the quarter. Blue Trust Inc.’s holdings in Dynatrace were worth $668,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Curated Wealth Partners LLC increased its position in shares of Dynatrace by 62.1% during the 4th quarter. Curated Wealth Partners LLC now owns 7,795 shares of the company’s stock worth $424,000 after purchasing an additional 2,986 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Dynatrace by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,189 shares of the company’s stock valued at $1,097,000 after acquiring an additional 703 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in shares of Dynatrace in the 4th quarter valued at approximately $5,049,000. Janney Montgomery Scott LLC lifted its holdings in shares of Dynatrace by 69.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company’s stock worth $813,000 after acquiring an additional 6,154 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DT has been the topic of a number of research reports. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Wednesday, January 22nd. Cantor Fitzgerald assumed coverage on Dynatrace in a report on Friday, January 17th. They set a “neutral” rating and a $58.00 target price for the company. Barclays lifted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $61.68.

Dynatrace Stock Performance

DT opened at $57.77 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The stock has a market capitalization of $17.24 billion, a P/E ratio of 105.04, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02. The business’s 50-day simple moving average is $54.65 and its 200-day simple moving average is $51.88.

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.