Deutsche Bank AG Buys 79,099 Shares of Dynatrace, Inc. (NYSE:DT)

Deutsche Bank AG boosted its stake in Dynatrace, Inc. (NYSE:DT) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,673,961 shares of the company’s stock after acquiring an additional 79,099 shares during the period. Deutsche Bank AG’s holdings in Dynatrace were worth $90,980,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dynatrace by 1.6% during the 4th 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 during the last quarter. American Century Companies Inc. grew its holdings in Dynatrace by 10.2% during the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after purchasing an additional 700,332 shares during the period. Pictet Asset Management Holding SA increased its position in Dynatrace by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after buying an additional 834,225 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dynatrace by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company’s stock valued at $282,985,000 after buying an additional 87,857 shares during the period. Finally, Dragoneer Investment Group LLC purchased a new position in shares of Dynatrace during the 4th quarter valued at $242,380,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,932 shares of company stock worth $7,007,399. 0.59% of the stock is currently owned by insiders.

Dynatrace Stock Up 0.2%

Shares of NYSE DT opened at $48.63 on Monday. The firm has a market capitalization of $14.56 billion, a P/E ratio of 30.39, a P/E/G ratio of 7.05 and a beta of 0.95. The stock’s 50-day simple moving average is $46.98 and its two-hundred day simple moving average is $52.68. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DT. DA Davidson decreased their price objective on Dynatrace from $70.00 to $52.00 and set a “buy” rating for the company in a report on Monday, April 14th. Loop Capital reduced their target price on shares of Dynatrace from $55.00 to $44.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note 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 MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $60.41.

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.