Machina Capital S.A.S. Makes New $363,000 Investment in Dynatrace, Inc. (NYSE:DT)

Machina Capital S.A.S. purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,672 shares of the company’s stock, valued at approximately $363,000.

A number of other hedge funds have also recently modified their holdings of the stock. Retirement Systems of Alabama boosted its position in Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dynatrace by 20.8% during the third 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 in the last quarter. Synovus Financial Corp grew its position in Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the period. Crossmark Global Holdings Inc. grew its position in Dynatrace by 56.0% during the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after buying an additional 9,444 shares during the period. Finally, Swiss National Bank boosted its stake 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 acquiring an additional 52,000 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DT. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. UBS Group increased their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Price Performance

Shares of DT stock opened at $52.36 on Friday. The firm’s 50-day moving average is $56.43 and its two-hundred day moving average is $54.50. The company has a market capitalization of $15.67 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.

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.