Coronation Fund Managers Ltd. Has $15.85 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Coronation Fund Managers Ltd. increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 291,627 shares of the company’s stock after buying an additional 5,225 shares during the period. Dynatrace accounts for about 0.9% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 29th largest holding. Coronation Fund Managers Ltd. owned 0.10% of Dynatrace worth $15,850,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DT. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace in the 3rd quarter valued at $38,000. UMB Bank n.a. boosted its stake in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Dynatrace during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

NYSE DT opened at $59.80 on Monday. The firm’s fifty day moving average price is $55.21 and its two-hundred day moving average price is $52.63. The stock has a market cap of $17.90 billion, a PE ratio of 37.38, a PEG ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.40.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DT has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Thursday. Barclays increased their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Loop Capital raised their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Finally, UBS Group raised their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average price target of $61.74.

About Dynatrace

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.