AGF Management Ltd. Purchases 49,837 Shares of Dynatrace, Inc. (NYSE:DT)

AGF Management Ltd. lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 42.6% during the 4th quarter, Holdings Channel reports. The fund owned 166,860 shares of the company’s stock after acquiring an additional 49,837 shares during the quarter. AGF Management Ltd.’s holdings in Dynatrace were worth $9,069,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Holocene Advisors LP acquired a new position in Dynatrace in the third quarter worth $126,592,000. Raymond James Financial Inc. bought a new position in shares of Dynatrace in the fourth quarter valued at about $102,209,000. TimesSquare Capital Management LLC acquired a new position in Dynatrace during the 4th quarter worth about $73,906,000. State Street Corp grew its holdings in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Finally, Barclays PLC grew its holdings in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DT. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Scotiabank raised their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report 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 company. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Trading Down 0.1 %

DT stock opened at $49.27 on Thursday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The firm has a market cap of $14.75 billion, a PE ratio of 30.80, a P/E/G ratio of 7.05 and a beta of 1.12. The business’s 50-day moving average price is $56.12 and its two-hundred day moving average price is $54.48.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction 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 stock was sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares in the company, 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 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is owned by company insiders.

About Dynatrace

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.