WCM Investment Management LLC Acquires New Holdings in Dynatrace, Inc. (NYSE:DT)

WCM Investment Management LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,178 shares of the company’s stock, valued at approximately $1,579,000.

Several other institutional investors and hedge funds also recently modified their holdings of DT. Riverview Trust Co increased 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 in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the 3rd quarter worth about $38,000. UMB Bank n.a. grew its holdings 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 in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Dynatrace during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $61.16 on Tuesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.40. The stock’s 50-day moving average is $55.21 and its two-hundred day moving average is $52.70. The stock has a market cap of $18.31 billion, a PE ratio of 38.23, a P/E/G ratio of 6.93 and a beta of 1.04.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays upped their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada raised their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $61.74.

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.