19,457 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 19,457 shares of the company’s stock, valued at approximately $1,057,000.

Several other institutional investors have also modified their holdings of DT. Holocene Advisors LP acquired a new position in shares of Dynatrace in the third quarter worth about $126,592,000. TimesSquare Capital Management LLC acquired a new stake in Dynatrace during the fourth quarter valued at approximately $73,906,000. State Street Corp raised its stake in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Barclays PLC raised its stake in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after buying an additional 981,964 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares in the last quarter. 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. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business has a 50 day simple moving average of $55.61 and a 200 day simple moving average of $54.40.

Analysts Set New Price Targets

Several analysts have issued reports on DT shares. Truist Financial upped their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird set a $65.00 price objective on Dynatrace in a research note on Friday, January 31st. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Stifel Nicolaus upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were 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 of the company’s stock, 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 sold 117,432 shares of company stock valued at $7,159,599 in the last three months. 0.59% of the stock is currently owned by corporate insiders.

About Dynatrace

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.