Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Dynatrace, Inc. (NYSE:DT)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Dynatrace, Inc. (NYSE:DT) by 55.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,148 shares of the company’s stock after purchasing an additional 12,207 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dynatrace were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DT. Holocene Advisors LP bought a new position in shares of Dynatrace during the third quarter valued at about $126,592,000. State Street Corp grew its position in Dynatrace by 14.6% during the 3rd 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 during the last quarter. Barclays PLC lifted its position 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 purchasing an additional 981,964 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 during the period. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Dynatrace by 31.6% in 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. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DT shares. UBS Group raised their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight equities 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 currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Dynatrace Stock Up 2.2 %

Shares of Dynatrace stock opened at $61.16 on Tuesday. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The company’s 50 day moving average is $55.21 and its 200 day moving average is $52.70. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.40.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’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 transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company’s stock.

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.