Whetstone Capital Advisors LLC Purchases 1,208 Shares of Dynatrace, Inc. (NYSE:DT)

Whetstone Capital Advisors LLC increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,191 shares of the company’s stock after buying an additional 1,208 shares during the quarter. Dynatrace accounts for approximately 1.2% of Whetstone Capital Advisors LLC’s holdings, making the stock its 22nd largest holding. Whetstone Capital Advisors LLC’s holdings in Dynatrace were worth $3,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC raised its stake in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after buying an additional 606 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after buying an additional 541 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. DA Davidson set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Truist Financial lifted 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. Finally, Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a 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 company’s stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $63.13.

Dynatrace Stock Performance

DT opened at $43.31 on Friday. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a market cap of $12.97 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The business’s fifty day moving average is $52.98 and its 200-day moving average is $53.86.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. 0.59% of the stock is owned by company insiders.

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.