SRS Capital Advisors Inc. Buys 803 Shares of Dynatrace, Inc. (NYSE:DT)

SRS Capital Advisors Inc. grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 100.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,599 shares of the company’s stock after purchasing an additional 803 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Dynatrace were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dynatrace in the 3rd quarter valued at about $587,000. QRG Capital Management Inc. increased its position in Dynatrace by 41.8% during the third quarter. QRG Capital Management Inc. now owns 54,848 shares of the company’s stock worth $2,933,000 after buying an additional 16,178 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Dynatrace by 10.9% in the third quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company’s stock valued at $1,182,000 after buying an additional 2,167 shares during the period. Amalgamated Bank lifted its position in shares of Dynatrace by 16.0% in the third quarter. Amalgamated Bank now owns 146,101 shares of the company’s stock valued at $7,812,000 after buying an additional 20,107 shares during the last quarter. Finally, WoodTrust Financial Corp bought a new position in shares of Dynatrace during the 3rd quarter worth approximately $254,000. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DT. BMO Capital Markets raised their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Loop Capital increased their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. 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. Finally, Stifel Nicolaus raised their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Trading Down 4.5 %

Shares of Dynatrace stock opened at $53.62 on Friday. The company has a 50 day moving average of $56.48 and a 200-day moving average of $54.45. The company has a market cap of $16.05 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated 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 directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last three months. Corporate insiders own 0.59% of the company’s stock.

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.