Charles Schwab Investment Management Inc. Grows Position in Dynatrace, Inc. (NYSE:DT)

Charles Schwab Investment Management Inc. lifted its position in Dynatrace, Inc. (NYSE:DT) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,052,244 shares of the company’s stock after purchasing an additional 58,858 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Dynatrace worth $111,539,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the fourth quarter worth about $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Dynatrace in the third quarter worth about $52,000. Finally, UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Down 2.3 %

Shares of DT opened at $52.36 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a market capitalization of $15.67 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The firm has a 50 day moving average of $56.43 and a 200 day moving average of $54.50.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DT. Stifel Nicolaus increased their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Morgan Stanley lifted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. DA Davidson set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, UBS Group raised their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

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.