Olympiad Research LP Invests $210,000 in Dynatrace, Inc. (NYSE:DT)

Olympiad Research LP acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,861 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Dynatrace during the third quarter valued at approximately $52,000. UMB Bank n.a. grew its stake in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after acquiring an additional 541 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Dynatrace by 53.6% during the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after acquiring an additional 527 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Dynatrace in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 2.4 %

NYSE:DT opened at $59.79 on Monday. The company has a fifty day moving average of $56.08 and a 200 day moving average of $53.98. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The firm has a market capitalization of $17.90 billion, a P/E ratio of 37.37, a P/E/G ratio of 7.05 and a beta of 1.04.

Analyst Ratings Changes

DT has been the subject of a number of research reports. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. 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. Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. DA Davidson set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Finally, UBS Group boosted their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock worth $10,052,682 in the last three months. 0.59% of the stock is owned by insiders.

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.