Meiji Yasuda Asset Management Co Ltd. Acquires 2,104 Shares of Dynatrace, Inc. (NYSE:DT)

Meiji Yasuda Asset Management Co Ltd. grew its stake in Dynatrace, Inc. (NYSE:DT) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,469 shares of the company’s stock after purchasing an additional 2,104 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dynatrace were worth $1,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Dynatrace by 10.3% during the third quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company’s stock worth $1,801,000 after buying an additional 3,132 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Dynatrace by 22.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company’s stock worth $282,000 after acquiring an additional 965 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Dynatrace by 13.7% during the third quarter. Raymond James Trust N.A. now owns 6,641 shares of the company’s stock valued at $355,000 after purchasing an additional 802 shares during the period. Citigroup Inc. grew its holdings in Dynatrace by 29.2% during the third quarter. Citigroup Inc. now owns 204,243 shares of the company’s stock valued at $10,921,000 after purchasing an additional 46,173 shares during the period. Finally, Cerity Partners LLC increased its stake in Dynatrace by 291.2% in the third quarter. Cerity Partners LLC now owns 19,478 shares of the company’s stock valued at $1,041,000 after purchasing an additional 14,499 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. UBS Group raised their price target on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen 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 price target of $63.35.

Dynatrace Trading Down 1.3 %

NYSE DT opened at $50.53 on Thursday. The firm has a market capitalization of $15.13 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The firm’s fifty day moving average price is $55.61 and its two-hundred day moving average price is $54.46. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.

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.