KLP Kapitalforvaltning AS Acquires Shares of 102,000 Dynatrace, Inc. (NYSE:DT)

KLP Kapitalforvaltning AS bought a new position in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 102,000 shares of the company’s stock, valued at approximately $5,544,000.

A number of other institutional investors have also modified their holdings of DT. PNC Financial Services Group Inc. increased its holdings in Dynatrace by 10.3% in the third quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company’s stock valued at $1,801,000 after buying an additional 3,132 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Dynatrace by 22.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company’s stock valued at $282,000 after acquiring an additional 965 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Dynatrace by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,993,386 shares of the company’s stock valued at $106,586,000 after acquiring an additional 384,708 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Dynatrace by 13.7% during the third quarter. Raymond James Trust N.A. now owns 6,641 shares of the company’s stock worth $355,000 after purchasing an additional 802 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Dynatrace by 29.2% in the third quarter. Citigroup Inc. now owns 204,243 shares of the company’s stock worth $10,921,000 after purchasing an additional 46,173 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 1.0 %

Shares of DT stock opened at $51.19 on Wednesday. The stock has a 50-day simple moving average of $55.61 and a 200 day simple moving average of $54.48. The stock has a market capitalization of $15.32 billion, a P/E ratio of 31.99, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. BMO Capital Markets cut their price target on Dynatrace from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Rosenblatt Securities restated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target 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.