Clal Insurance Enterprises Holdings Ltd Purchases Shares of 470,000 Dynatrace, Inc. (NYSE:DT)

Clal Insurance Enterprises Holdings Ltd purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 470,000 shares of the company’s stock, valued at approximately $25,544,000. Clal Insurance Enterprises Holdings Ltd owned 0.16% of Dynatrace at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the last quarter. RGM Capital LLC increased its position in shares of Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after acquiring an additional 494,028 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after acquiring an additional 648,808 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Dynatrace by 12.6% in the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock valued at $141,930,000 after acquiring an additional 292,400 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the business’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 transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,459 shares of company stock worth $10,052,682. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DT shares. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Loop Capital boosted their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Wedbush reissued an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Dynatrace Trading Down 0.1 %

Shares of DT stock opened at $57.26 on Friday. The stock has a market cap of $17.14 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 7.05 and a beta of 1.04. The stock has a 50 day simple moving average of $56.46 and a 200 day simple moving average of $54.32. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

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.