Johnson Investment Counsel Inc. Grows Holdings in Dynatrace, Inc. (NYSE:DT)

Johnson Investment Counsel Inc. grew its stake in Dynatrace, Inc. (NYSE:DT) by 0.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 106,894 shares of the company’s stock after acquiring an additional 956 shares during the period. Johnson Investment Counsel Inc.’s holdings in Dynatrace were worth $5,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its stake in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the period. UMB Bank n.a. increased its stake in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after buying an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Dynatrace by 173.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after buying an additional 911 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s 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 approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 in the last 90 days. 0.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. UBS Group boosted their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 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 sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Dynatrace Trading Down 6.6 %

Shares of Dynatrace stock opened at $48.76 on Tuesday. The company has a fifty day simple moving average of $56.32 and a 200-day simple moving average of $54.52. 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 $14.60 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 7.05 and a beta of 1.12.

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.