951,810 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 951,810 shares of the company’s stock, valued at approximately $51,731,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.32% of Dynatrace at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC increased its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock valued at $39,000 after purchasing an additional 669 shares during the period. Finally, Huntington National Bank boosted 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 buying an additional 606 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, 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 transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last ninety days. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research reports. Scotiabank lifted 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. Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. DA Davidson cut their price target on Dynatrace from $70.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group lowered their price objective on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $60.41.

Dynatrace Stock Performance

Shares of DT stock opened at $47.42 on Friday. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company has a 50 day moving average price of $48.07 and a 200 day moving average price of $52.95.

Dynatrace Company 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.