Dynatrace, Inc. (NYSE:DT) Stock Position Increased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,564 shares of the company’s stock after purchasing an additional 5,417 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dynatrace were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in shares of Dynatrace by 291.2% in the third quarter. Cerity Partners LLC now owns 19,478 shares of the company’s stock worth $1,041,000 after purchasing an additional 14,499 shares in the last quarter. Algert Global LLC acquired a new stake in Dynatrace in the third quarter worth about $639,000. Daiwa Securities Group Inc. grew its position in Dynatrace by 13.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 26,579 shares of the company’s stock valued at $1,421,000 after buying an additional 3,200 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Dynatrace by 40.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company’s stock valued at $12,410,000 after buying an additional 67,380 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Dynatrace by 12.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,924 shares of the company’s stock worth $477,000 after buying an additional 973 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DT. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays lifted their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. UBS Group upped their price objective on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, DA Davidson set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Down 1.3 %

Shares of Dynatrace stock opened at $48.39 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The stock has a market cap of $14.48 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business has a fifty day simple moving average of $55.52 and a 200-day simple moving average of $54.43.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction 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. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % 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 valued at $7,159,599. Corporate insiders own 0.59% of the company’s stock.

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.