Illumine Investment Management LLC Takes Position in Dynatrace, Inc. (NYSE:DT)

Illumine Investment Management LLC bought a new stake in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,335 shares of the company’s stock, valued at approximately $1,812,000. Dynatrace makes up approximately 1.5% of Illumine Investment Management LLC’s portfolio, making the stock its 24th largest position.

Several other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the period. Capital Performance Advisors LLP bought a new position in Dynatrace during the third quarter valued at $52,000. UMB Bank n.a. grew its holdings in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. First Horizon Advisors Inc. grew its holdings in Dynatrace by 53.6% during the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after purchasing an additional 527 shares during the period. Finally, Financial Life Planners bought a new position in Dynatrace during the fourth quarter valued at $83,000. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on DT. Royal Bank of Canada increased their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Scotiabank increased their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” 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. DA Davidson set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Dynatrace in a research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.25.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,459 shares of company stock valued at $10,052,682. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 2.6 %

Shares of NYSE DT opened at $57.27 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The firm has a market cap of $17.14 billion, a P/E ratio of 35.80, a PEG ratio of 7.05 and a beta of 1.04. The company has a 50 day moving average of $56.40 and a 200 day moving average of $54.20.

Dynatrace 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.