MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Dynatrace, Inc. (NYSE:DT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,440,702 shares of the company’s stock after buying an additional 28,229 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.82% of Dynatrace worth $132,652,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DT. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% in 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC lifted 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 during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Dynatrace by 1,423.4% in the 4th 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 last quarter. Finally, Huntington National Bank lifted its holdings in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock valued at $48,000 after purchasing an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research reports. UBS Group lowered their target price on shares of Dynatrace from $62.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada upped their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Jefferies Financial Group lowered their target price on Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, BMO Capital Markets lowered their target price on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $60.41.

Dynatrace Price Performance

DT opened at $48.63 on Monday. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 7.05 and a beta of 0.95. The business has a 50-day moving average of $46.98 and a two-hundred day moving average of $52.68. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $20,696,194.20. This trade represents a 9.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This trade represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,932 shares of company stock valued at $7,007,399 over the last quarter. Company 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.