Jackson Square Capital LLC Acquires Shares of 15,861 Dynatrace, Inc. (NYSE:DT)

Jackson Square Capital LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,861 shares of the company’s stock, valued at approximately $862,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after acquiring an additional 206 shares during the last quarter. Virtue Capital Management LLC grew its holdings in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares in the last quarter. Atria Investments Inc raised its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after buying an additional 240 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares in the last quarter. Finally, Riverview Trust Co lifted its position in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DT. BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Dynatrace in a research report on Friday. They issued a “neutral” rating and a $58.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.92.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’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 value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Up 0.5 %

NYSE DT opened at $51.31 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The firm’s 50 day moving average is $54.27 and its 200-day moving average is $51.23. The company has a market capitalization of $15.31 billion, a PE ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02.

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.