Elo Mutual Pension Insurance Co Acquires 5,417 Shares of Dynatrace, Inc. (NYSE:DT)

Elo Mutual Pension Insurance Co raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,564 shares of the company’s stock after buying 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC raised its stake in shares of Dynatrace by 291.2% in the 3rd quarter. Cerity Partners LLC now owns 19,478 shares of the company’s stock valued at $1,041,000 after acquiring an additional 14,499 shares in the last quarter. Algert Global LLC bought a new position in shares of Dynatrace in the third quarter valued at approximately $639,000. Daiwa Securities Group Inc. raised its position in shares of Dynatrace by 13.7% in the third quarter. Daiwa Securities Group Inc. now owns 26,579 shares of the company’s stock valued at $1,421,000 after purchasing an additional 3,200 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Dynatrace by 40.9% in the third quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company’s stock worth $12,410,000 after buying an additional 67,380 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings 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 during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 1.3 %

Shares of DT stock opened at $48.39 on Friday. The company has a market capitalization of $14.48 billion, a P/E ratio of 30.24, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a 50-day moving average price of $55.52 and a 200 day moving average price of $54.43.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DT shares. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. UBS Group boosted their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird set a $65.00 target price on Dynatrace in a report on Friday, January 31st. Barclays upped 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. Finally, BMO Capital Markets lowered their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

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.