Dynatrace, Inc. (NYSE:DT) Stake Raised by Bridgewater Associates LP

Bridgewater Associates LP increased its holdings in Dynatrace, Inc. (NYSE:DT) by 137.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,877 shares of the company’s stock after buying an additional 157,249 shares during the quarter. Bridgewater Associates LP owned about 0.09% of Dynatrace worth $14,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake 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 during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Huntington National Bank grew its holdings in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after acquiring an additional 606 shares during the period. Finally, UMB Bank n.a. raised its position in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after acquiring an additional 541 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Up 0.2 %

Dynatrace stock opened at $43.48 on Wednesday. The company has a market capitalization of $13.02 billion, a P/E ratio of 27.17, a P/E/G 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’s fifty day simple moving average is $51.98 and its 200-day simple moving average is $53.67.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Robert W. Baird set a $65.00 target price on Dynatrace in a report on Friday, January 31st. BMO Capital Markets dropped their price target on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Finally, UBS Group upped their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.35.

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.