Capital Fund Management S.A. Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Capital Fund Management S.A. grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 76.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,579 shares of the company’s stock after buying an additional 63,718 shares during the period. Capital Fund Management S.A.’s holdings in Dynatrace were worth $8,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the fourth quarter valued at $38,000. Nisa Investment Advisors LLC increased its holdings in shares of 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. Huntington National Bank raised its position in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after purchasing an additional 606 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT stock opened at $43.04 on Friday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a fifty day moving average price of $52.65 and a 200-day moving average price of $53.80.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DT. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Scotiabank raised their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a research note on Friday, January 31st. Finally, Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued 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 $63.13.

Insider Activity at Dynatrace

In other news, CFO James M. Benson sold 34,932 shares of the stock in a transaction 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 directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace 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 owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace 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.