DSM Capital Partners LLC Boosts Stake in Dynatrace, Inc. (NYSE:DT)

DSM Capital Partners LLC increased its stake in Dynatrace, Inc. (NYSE:DT) by 55.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,454,582 shares of the company’s stock after purchasing an additional 874,429 shares during the quarter. Dynatrace makes up approximately 2.1% of DSM Capital Partners LLC’s investment portfolio, making the stock its 16th biggest position. DSM Capital Partners LLC’s holdings in Dynatrace were worth $133,407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of DT. Davidson Investment Advisors raised its position in shares of Dynatrace by 8.8% during the 4th quarter. Davidson Investment Advisors now owns 422,320 shares of the company’s stock valued at $22,953,000 after purchasing an additional 34,001 shares during the period. Venturi Wealth Management LLC raised its holdings in Dynatrace by 87.6% during the fourth quarter. Venturi Wealth Management LLC now owns 4,153 shares of the company’s stock valued at $226,000 after acquiring an additional 1,939 shares during the period. D.A. Davidson & CO. lifted its position in shares of Dynatrace by 15.6% in the fourth quarter. D.A. Davidson & CO. now owns 10,314 shares of the company’s stock valued at $561,000 after acquiring an additional 1,390 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Dynatrace by 13.3% in the fourth quarter. CIBC Asset Management Inc now owns 11,864 shares of the company’s stock worth $645,000 after acquiring an additional 1,390 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Dynatrace by 6.1% in the fourth quarter. Principal Financial Group Inc. now owns 772,101 shares of the company’s stock worth $41,964,000 after acquiring an additional 44,479 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,459 shares of company stock valued at $7,634,682. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DT shares. Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Tuesday. Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Truist Financial increased their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Dynatrace Price Performance

Shares of NYSE:DT opened at $62.31 on Wednesday. The firm has a market capitalization of $18.65 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The business has a 50 day simple moving average of $55.77 and a two-hundred day simple moving average of $53.60. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

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.