7,444 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,444 shares of the company’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DT. Holocene Advisors LP purchased a new stake in Dynatrace in the third quarter valued at about $126,592,000. Raymond James Financial Inc. acquired a new position in shares of Dynatrace in the fourth quarter valued at about $102,209,000. TimesSquare Capital Management LLC acquired a new position in shares of Dynatrace in the fourth quarter valued at about $73,906,000. State Street Corp increased its holdings in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the period. Finally, Barclays PLC increased its holdings in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last quarter. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. DA Davidson set a $70.00 price objective on Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Price Performance

NYSE DT opened at $49.85 on Friday. The company has a market cap 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. The stock’s 50 day simple moving average is $55.61 and its 200-day simple moving average is $54.43. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

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.