Dynatrace, Inc. (NYSE:DT) Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 69.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,954 shares of the company’s stock after purchasing an additional 6,154 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dynatrace were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Holocene Advisors LP bought a new position in Dynatrace during the third quarter valued at about $126,592,000. State Street Corp lifted its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the period. Barclays PLC lifted its stake in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares during the period. Geode Capital Management LLC raised its stake in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after acquiring an additional 884,673 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position 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 valued at $144,571,000 after buying an additional 648,808 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Stock Performance

DT stock opened at $60.03 on Friday. The company has a market capitalization of $17.97 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.40. The business has a 50-day simple moving average of $55.05 and a two-hundred day simple moving average of $52.41.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. BTIG Research boosted their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price target on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now directly 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. Insiders own 0.59% of the company’s stock.

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.