E. Ohman J or Asset Management AB Raises Stock Holdings in Dynatrace, Inc. (NYSE:DT)

E. Ohman J or Asset Management AB raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 24.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,600 shares of the company’s stock after buying an additional 3,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dynatrace were worth $848,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Trust Point Inc. purchased a new position in shares of Dynatrace during the 4th quarter valued at about $245,000. Financial Life Planners acquired a new stake in Dynatrace in the 4th quarter worth about $83,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Dynatrace by 13.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,175 shares of the company’s stock worth $607,000 after buying an additional 1,359 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $626,000. Finally, Swedbank AB boosted its holdings in shares of Dynatrace by 34.3% during the 4th quarter. Swedbank AB now owns 124,726 shares of the company’s stock worth $6,779,000 after purchasing an additional 31,864 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DT shares. Morgan Stanley lifted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Loop Capital raised their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $60.48 on Thursday. The company has a market capitalization of $18.10 billion, a P/E ratio of 37.80, a P/E/G ratio of 8.37 and a beta of 1.04. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.00. The business has a 50 day moving average price of $54.95 and a 200 day moving average price of $52.35.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

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.