Versor Investments LP Purchases Shares of 9,800 Dynatrace, Inc. (NYSE:DT)

Versor Investments LP acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 4th quarter, Holdings Channel reports. The firm acquired 9,800 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC raised its position in shares of Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the period. Westfield Capital Management Co. LP lifted 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 buying an additional 648,808 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings 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 buying an additional 292,400 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 the company’s stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is currently owned by insiders.

Dynatrace Stock Down 0.1 %

Shares of DT stock opened at $57.26 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The business has a fifty day simple moving average of $56.46 and a 200 day simple moving average of $54.32. The company has a market cap of $17.14 billion, a P/E ratio of 35.79, a P/E/G ratio of 7.05 and a beta of 1.04.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. BMO Capital Markets lifted their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Morgan Stanley increased their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

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.