Forsta AP Fonden boosted its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 58.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 96,600 shares of the company’s stock after purchasing an additional 35,800 shares during the quarter. Forsta AP Fonden’s holdings in Dynatrace were worth $5,333,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock valued at $76,000 after purchasing an additional 921 shares in the last quarter. Forum Financial Management LP increased its position in shares of Dynatrace by 34.9% during the 1st quarter. Forum Financial Management LP now owns 6,409 shares of the company’s stock valued at $302,000 after purchasing an additional 1,657 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Dynatrace during the 1st quarter worth $351,000. Archer Investment Corp grew its position in shares of Dynatrace by 36.1% during the 1st quarter. Archer Investment Corp now owns 2,075 shares of the company’s stock valued at $98,000 after acquiring an additional 550 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Dynatrace by 125.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 207,323 shares of the company’s stock worth $9,776,000 after purchasing an additional 115,200 shares in the last quarter. 94.28% of the stock is owned by institutional investors.
Dynatrace Price Performance
Dynatrace stock opened at $46.78 on Friday. The stock’s fifty day moving average is $48.63 and its two-hundred day moving average is $50.87. The stock has a market cap of $14.10 billion, a PE ratio of 28.01, a P/E/G ratio of 3.72 and a beta of 0.85. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.
Insider Buying and Selling
In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares of the company’s stock, valued at $50,367.24. This represents a 50.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the sale, the chief executive officer directly owned 108,125 shares of the company’s stock, valued at $5,039,706.25. The trade was a 21.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,602 shares of company stock worth $1,927,879. Insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on DT shares. UBS Group set a $51.00 price target on Dynatrace in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dynatrace in a research report on Wednesday, October 8th. Oppenheimer started coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 target price for the company. Wall Street Zen downgraded shares of Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Guggenheim increased their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.27.
Read Our Latest Research Report on Dynatrace
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.
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