GAMMA Investing LLC Buys 1,680 Shares of Dynatrace, Inc. (NYSE:DT)

GAMMA Investing LLC grew its stake in Dynatrace, Inc. (NYSE:DT) by 85.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the company’s stock after purchasing an additional 1,680 shares during the period. GAMMA Investing LLC’s holdings in Dynatrace were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Dynatrace during the second quarter valued at about $26,000. Riverview Trust Co raised its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the last quarter. UMB Bank n.a. boosted its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace during the 3rd quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Dynatrace in the 3rd quarter valued at approximately $52,000. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock valued at $3,168,084 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DT has been the topic of a number of recent research reports. Loop Capital lifted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Truist Financial lifted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Royal Bank of Canada raised their price objective on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Wedbush started coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.08.

Dynatrace Stock Down 0.2 %

DT stock opened at $52.17 on Thursday. The stock’s 50 day moving average is $54.74 and its 200-day moving average is $50.94. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a market capitalization of $15.57 billion, a PE ratio of 94.85, a P/E/G ratio of 8.20 and a beta of 1.02.

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.