Concentric Capital Strategies LP Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Concentric Capital Strategies LP boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,156 shares of the company’s stock after buying an additional 773 shares during the period. Concentric Capital Strategies LP’s holdings in Dynatrace were worth $3,433,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in shares of Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares during the period. OFI Invest Asset Management bought a new position in Dynatrace during the 4th quarter valued at about $842,000. Allstate Corp bought a new position in Dynatrace during the 4th quarter valued at about $471,000. Artemis Investment Management LLP raised its position in Dynatrace by 18.4% in the 4th quarter. Artemis Investment Management LLP now owns 343,161 shares of the company’s stock worth $18,651,000 after purchasing an additional 53,271 shares during the period. Finally, Diversified Trust Co bought a new stake in Dynatrace in the fourth quarter worth about $748,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.1 %

Shares of NYSE:DT opened at $47.89 on Thursday. The company has a market capitalization of $14.34 billion, a PE ratio of 29.93, a P/E/G ratio of 7.05 and a beta of 0.95. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The business’s fifty day simple moving average is $47.25 and its 200-day simple moving average is $52.77.

Wall Street Analyst Weigh In

DT has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. UBS Group cut their price objective on Dynatrace from $62.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Jefferies Financial Group cut their price target on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.41.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock valued at $7,159,599 over the last quarter. 0.59% of the stock is owned by corporate insiders.

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.