Alliancebernstein L.P. Purchases 234,410 Shares of Dynatrace, Inc. (NYSE:DT)

Alliancebernstein L.P. boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 54.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 666,041 shares of the company’s stock after purchasing an additional 234,410 shares during the period. Alliancebernstein L.P. owned about 0.22% of Dynatrace worth $36,199,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. State Street Corp lifted 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 buying an additional 1,207,621 shares in the last quarter. American Century Companies Inc. lifted its position in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after buying an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after acquiring an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

Shares of DT stock opened at $41.99 on Friday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The company’s 50 day moving average price is $54.75 and its two-hundred day moving average price is $54.26. The company has a market capitalization of $12.57 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. Corporate insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. DA Davidson set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Jefferies Financial Group cut their price target on Dynatrace from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Morgan Stanley lifted their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $63.35.

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.