Illumine Investment Management LLC Purchases New Position in Dynatrace, Inc. (NYSE:DT)

Illumine Investment Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, HoldingsChannel reports. The fund purchased 33,335 shares of the company’s stock, valued at approximately $1,812,000. Dynatrace comprises about 1.5% of Illumine Investment Management LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Retirement Systems of Alabama lifted its stake in Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after purchasing an additional 64,999 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares during the period. Synovus Financial Corp increased its position in shares of Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after acquiring an additional 13,957 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Dynatrace by 56.0% during the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after acquiring an additional 9,444 shares during the period. Finally, Swiss National Bank increased its position in shares of Dynatrace by 6.6% during the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after acquiring an additional 52,000 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated 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. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following 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. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,459 shares of company stock valued at $10,052,682. Corporate insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DT. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Loop Capital lifted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Stock Performance

DT opened at $57.27 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The company has a fifty day moving average of $56.40 and a two-hundred day moving average of $54.20. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 7.05 and a beta of 1.04.

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.