Arkadios Wealth Advisors Takes $300,000 Position in Dynatrace, Inc. (NYSE:DT)

Arkadios Wealth Advisors purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,513 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares during the period. Geode Capital Management LLC increased its stake in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares in the last quarter. RGM Capital LLC lifted its position in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after acquiring an additional 494,028 shares during the period. Eminence Capital LP bought a new position in Dynatrace during the second quarter worth $158,369,000. Finally, Westfield Capital Management Co. LP grew its holdings in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Up 0.6 %

Shares of Dynatrace stock opened at $54.70 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The business has a fifty day simple moving average of $54.23 and a two-hundred day simple moving average of $51.44. The firm has a market capitalization of $16.33 billion, a P/E ratio of 99.45, a P/E/G ratio of 7.77 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush initiated coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group assumed coverage on shares of Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target on the stock. Loop Capital increased their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.68.

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.