Jones Financial Companies Lllp Acquires 482 Shares of Dynatrace, Inc. (NYSE:DT)

Jones Financial Companies Lllp grew its holdings in Dynatrace, Inc. (NYSE:DT) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,813 shares of the company’s stock after purchasing an additional 482 shares during the quarter. Jones Financial Companies Lllp’s holdings in Dynatrace were worth $99,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dynatrace by 20.8% during the 3rd 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. RGM Capital LLC raised its stake 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 worth $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after acquiring an additional 648,808 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Dynatrace by 12.6% during the 4th quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock worth $141,930,000 after acquiring an additional 292,400 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DT. Scotiabank boosted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Stock Performance

Shares of NYSE DT opened at $48.45 on Monday. The company’s fifty day moving average price is $55.85 and its 200 day moving average price is $54.48. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The company has a market capitalization of $14.50 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. Corporate insiders own 0.59% of the company’s stock.

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.