Robocap Asset Management Ltd Decreases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Robocap Asset Management Ltd decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,641 shares of the company’s stock after selling 17,717 shares during the period. Dynatrace makes up about 6.1% of Robocap Asset Management Ltd’s holdings, making the stock its 4th largest holding. Robocap Asset Management Ltd owned 0.06% of Dynatrace worth $9,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its stake in shares of Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Geode Capital Management LLC raised its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. Synovus Financial Corp lifted its stake in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares during the last quarter. Finally, Swiss National Bank boosted its position in Dynatrace by 6.6% during the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after buying an additional 52,000 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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 owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $59.80 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.40. The firm’s 50-day moving average is $55.14 and its 200 day moving average is $52.46. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 8.37 and a beta of 1.04.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Scotiabank raised their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

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.