Globeflex Capital L P Makes New $484,000 Investment in Dynatrace, Inc. (NYSE:DT)

Globeflex Capital L P purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,900 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in Dynatrace by 15.0% during the fourth quarter. Natixis Advisors LLC now owns 211,739 shares of the company’s stock worth $11,508,000 after buying an additional 27,616 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Dynatrace by 1.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock valued at $4,815,000 after purchasing an additional 1,000 shares during the period. Tredje AP fonden increased its holdings in shares of Dynatrace by 4.1% in the fourth quarter. Tredje AP fonden now owns 177,459 shares of the company’s stock valued at $9,645,000 after purchasing an additional 6,965 shares during the period. Vestcor Inc increased its holdings in shares of Dynatrace by 36.6% in the fourth quarter. Vestcor Inc now owns 74,651 shares of the company’s stock valued at $4,057,000 after purchasing an additional 20,000 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Dynatrace by 5.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,382 shares of the company’s stock valued at $782,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DT shares. Barclays boosted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank boosted their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted 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, Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Trading Up 2.4 %

Shares of NYSE:DT opened at $48.45 on Friday. The stock’s 50-day moving average price is $55.85 and its two-hundred day moving average price is $54.45. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated 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 directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

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.