Dynatrace, Inc. (NYSE:DT) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,894 shares of the company’s stock after buying an additional 956 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Dynatrace were worth $5,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace in the fourth quarter valued at about $38,000. Nisa Investment Advisors LLC grew its position in shares of Dynatrace by 271.8% in 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. UMB Bank n.a. grew its position in shares of Dynatrace by 75.3% in 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. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Dynatrace by 173.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. UBS Group lifted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.25.

Insiders Place Their Bets

In other 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the sale, the chief executive officer now directly 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 117,432 shares of company stock valued at $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $48.76 on Tuesday. The firm’s 50-day moving average is $56.32 and its two-hundred day moving average is $54.52. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market capitalization of $14.60 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.