AlphaQuest LLC Raises Position in Dynatrace, Inc. (NYSE:DT)

AlphaQuest LLC grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 2,250,100.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,502 shares of the company’s stock after purchasing an additional 22,501 shares during the quarter. AlphaQuest LLC’s holdings in Dynatrace were worth $1,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama increased its holdings in shares of Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after buying an additional 64,999 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after buying an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after buying an additional 9,444 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Dynatrace by 6.6% during the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after buying an additional 52,000 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm’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 value of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DT shares. Barclays increased their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.25.

Dynatrace Stock Down 2.3 %

Shares of NYSE DT opened at $52.36 on Monday. The firm’s 50-day moving average price is $56.43 and its two-hundred day moving average price is $54.53. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The stock has a market capitalization of $15.67 billion, a P/E ratio of 32.72, a P/E/G ratio of 7.05 and a beta of 1.12.

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.