Curated Wealth Partners LLC Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Curated Wealth Partners LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 62.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,795 shares of the company’s stock after buying an additional 2,986 shares during the quarter. Curated Wealth Partners LLC’s holdings in Dynatrace were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Holocene Advisors LP bought a new position in shares of Dynatrace in the 3rd quarter worth $126,592,000. State Street Corp grew its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares in the last quarter. Barclays PLC increased its stake in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Geode Capital Management LLC raised its position in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group initiated coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective on the stock. Loop Capital increased their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.68.

Dynatrace Price Performance

Shares of DT opened at $55.64 on Friday. The company has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $51.47. The firm has a market capitalization of $16.61 billion, a PE ratio of 101.16, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

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.