Amundi Purchases 260,417 Shares of Dynatrace, Inc. (NYSE:DT)

Amundi boosted its position in Dynatrace, Inc. (NYSE:DT) by 50.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 774,429 shares of the company’s stock after buying an additional 260,417 shares during the period. Amundi’s holdings in Dynatrace were worth $40,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the period. UMB Bank n.a. lifted its position in shares of Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after acquiring an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after acquiring an additional 911 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was 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 owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. Company insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 0.1 %

Shares of DT stock opened at $49.27 on Thursday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 7.05 and a beta of 1.12. The stock has a 50-day moving average of $56.12 and a 200-day moving average of $54.48. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DT. Stifel Nicolaus upped their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Wells Fargo & Company set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.25.

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.