Proficio Capital Partners LLC Takes Position in Dynatrace, Inc. (NYSE:DT)

Proficio Capital Partners LLC acquired a new stake in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,457 shares of the company’s stock, valued at approximately $1,057,000.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Dynatrace in the third quarter worth approximately $587,000. Gulf International Bank UK Ltd raised its holdings in shares of Dynatrace by 10.9% in the third quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company’s stock worth $1,182,000 after buying an additional 2,167 shares during the period. Portside Wealth Group LLC raised its holdings in shares of Dynatrace by 20.3% in the third quarter. Portside Wealth Group LLC now owns 6,393 shares of the company’s stock worth $342,000 after buying an additional 1,077 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace in the third quarter worth approximately $52,000. Finally, Assetmark Inc. raised its holdings in shares of Dynatrace by 20.1% in the third quarter. Assetmark Inc. now owns 39,354 shares of the company’s stock worth $2,104,000 after buying an additional 6,581 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction 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 approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 in the last quarter. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Price Performance

Dynatrace stock opened at $52.36 on Friday. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The business has a fifty day moving average price of $56.43 and a 200-day moving average price of $54.47.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Wedbush restated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

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.