Mitsubishi UFJ Trust & Banking Corp Increases Holdings in Dynatrace, Inc. (NYSE:DT)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 69.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,870 shares of the company’s stock after acquiring an additional 89,377 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Dynatrace worth $11,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Dynatrace during the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the last quarter. UMB Bank n.a. raised its position in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DT. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Truist Financial increased their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $65.00 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 fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Buying and Selling

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 completion of the sale, the chief financial officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $48.39 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The company has a market capitalization of $14.48 billion, a PE ratio of 30.24, a P/E/G ratio of 7.05 and a beta of 1.12. The company has a 50-day simple moving average of $55.52 and a two-hundred day simple moving average of $54.43.

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.