Vinva Investment Management Ltd Invests $373,000 in Dynatrace, Inc. (NYSE:DT)

Vinva Investment Management Ltd acquired a new position in Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,891 shares of the company’s stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in Dynatrace by 84.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 165,831 shares of the company’s stock valued at $9,019,000 after buying an additional 75,696 shares during the period. Xponance Inc. grew its position in Dynatrace by 5.6% during the fourth quarter. Xponance Inc. now owns 77,287 shares of the company’s stock valued at $4,201,000 after buying an additional 4,091 shares during the period. Corient Private Wealth LLC acquired a new stake in Dynatrace during the fourth quarter valued at $258,000. Envestnet Portfolio Solutions Inc. grew its position in Dynatrace by 4.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 56,330 shares of the company’s stock valued at $3,062,000 after buying an additional 2,160 shares during the period. Finally, Globeflex Capital L P acquired a new stake in Dynatrace during the fourth quarter valued at $484,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $49.85 on Friday. The firm’s 50-day moving average is $55.61 and its two-hundred day moving average is $54.40. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a market capitalization of $14.92 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. DA Davidson set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.35.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated 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 sale, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % 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 Dynatrace stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $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. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last ninety days. Company insiders own 0.59% of the company’s stock.

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.