Steward Partners Investment Advisory LLC Has $78,000 Stake in Dynatrace, Inc. (NYSE:DT)

Steward Partners Investment Advisory LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 173.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,437 shares of the company’s stock after purchasing an additional 911 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Dynatrace were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. State Street Corp boosted its holdings in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC raised its stake in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC grew its holdings in Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after buying an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after buying an additional 648,808 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Dynatrace by 12.6% during the 4th quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock valued at $141,930,000 after buying an additional 292,400 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DT. Wedbush reissued an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Scotiabank upped their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Stifel Nicolaus upped their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Guggenheim reaffirmed a “neutral” rating 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.21.

Insider Activity

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

Dynatrace Price Performance

NYSE DT opened at $50.50 on Tuesday. The business’s fifty day moving average price is $55.79 and its 200-day moving average price is $54.48. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

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.