Atria Investments Inc Grows Stake in Dynatrace, Inc. (NYSE:DT)

Atria Investments Inc raised its stake in Dynatrace, Inc. (NYSE:DT) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,656 shares of the company’s stock after acquiring an additional 455 shares during the quarter. Atria Investments Inc’s holdings in Dynatrace were worth $416,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC grew its stake in Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after purchasing an additional 248 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DT shares. Barclays lifted their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Stifel Nicolaus increased their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Wedbush reiterated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Stock Performance

Shares of DT opened at $48.45 on Monday. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The business’s fifty day moving average price is $55.85 and its two-hundred day moving average price is $54.48.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. Company insiders own 0.59% of the company’s stock.

About Dynatrace

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.