OFI Invest Asset Management Takes $842,000 Position in Dynatrace, Inc. (NYSE:DT)

OFI Invest Asset Management acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,046 shares of the company’s stock, valued at approximately $842,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Amundi boosted its stake in shares of Dynatrace by 50.7% during the fourth quarter. Amundi now owns 774,429 shares of the company’s stock valued at $40,448,000 after purchasing an additional 260,417 shares during the period. PNC Financial Services Group Inc. lifted its stake in Dynatrace by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,731 shares of the company’s stock worth $1,888,000 after acquiring an additional 1,052 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Dynatrace by 14.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 202,825 shares of the company’s stock worth $11,088,000 after acquiring an additional 25,183 shares during the period. Machina Capital S.A.S. purchased a new stake in Dynatrace in the fourth quarter worth $363,000. Finally, Andra AP fonden lifted its stake in Dynatrace by 7.2% in the fourth quarter. Andra AP fonden now owns 162,100 shares of the company’s stock worth $8,810,000 after acquiring an additional 10,900 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

DT has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. 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 NYSE:DT opened at $52.36 on Monday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The business has a fifty day moving average price of $56.43 and a 200-day moving average price of $54.53. The company has a market capitalization of $15.67 billion, a PE ratio of 32.72, a PEG ratio of 7.05 and a beta of 1.12.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is owned by corporate 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.