Atria Investments Inc Boosts Stock Position in Dynatrace, Inc. (NYSE:DT)

Atria Investments Inc grew its position in Dynatrace, Inc. (NYSE:DT) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,656 shares of the company’s stock after buying an additional 455 shares during the quarter. Atria Investments Inc’s holdings in Dynatrace were worth $416,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Dynatrace during the 3rd quarter valued at about $600,000. Sumitomo Mitsui Trust Group Inc. increased its position in Dynatrace by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 551,370 shares of the company’s stock valued at $29,482,000 after buying an additional 48,155 shares in the last quarter. Victory Capital Management Inc. increased its position in Dynatrace by 10.3% during the 3rd quarter. Victory Capital Management Inc. now owns 353,229 shares of the company’s stock valued at $18,887,000 after buying an additional 33,038 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Dynatrace by 32.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,216 shares of the company’s stock valued at $1,883,000 after buying an additional 8,591 shares in the last quarter. Finally, KBC Group NV increased its position in Dynatrace by 53.5% during the 3rd quarter. KBC Group NV now owns 32,546 shares of the company’s stock valued at $1,740,000 after buying an additional 11,346 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $48.45 on Monday. The business’s 50 day simple moving average is $55.85 and its 200-day simple moving average is $54.48. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DT. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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.

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.