Clearbridge Investments LLC Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Clearbridge Investments LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,207,192 shares of the company’s stock after acquiring an additional 175,047 shares during the quarter. Clearbridge Investments LLC’s holdings in Dynatrace were worth $119,961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the period. Versant Capital Management Inc lifted its position in shares of Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares during the period. Virtue Capital Management LLC boosted its stake in shares of Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Dynatrace by 2.5% in the 4th 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company’s stock worth $3,583,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % 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 over the last 90 days. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush reiterated an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. BMO Capital Markets cut their target price on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Robert W. Baird set a $65.00 target price on Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Dynatrace Stock Performance

Shares of DT stock opened at $48.39 on Monday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The company’s 50-day simple moving average is $55.52 and its 200-day simple moving average is $54.45.

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.