Handelsbanken Fonder AB Acquires 292,400 Shares of Dynatrace, Inc. (NYSE:DT)

Handelsbanken Fonder AB grew its holdings in Dynatrace, Inc. (NYSE:DT) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,611,400 shares of the company’s stock after purchasing an additional 292,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dynatrace were worth $141,930,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the last quarter. Virtue Capital Management LLC boosted its position in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after acquiring an additional 212 shares during the period. Nations Financial Group Inc. IA ADV increased its position in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after acquiring an additional 222 shares during the period. Atria Investments Inc raised its stake in Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Dynatrace by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of the firm’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 sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,459 shares of company stock valued at $7,634,682. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Down 1.1 %

DT stock opened at $61.68 on Thursday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a market cap of $18.46 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. The business’s fifty day moving average is $55.87 and its 200-day moving average is $53.66.

Analyst Ratings Changes

DT has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Loop Capital lifted their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $62.04.

Dynatrace Company 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.