Union Bancaire Privee UBP SA Invests $6.43 Million in Dynatrace, Inc. (NYSE:DT)

Union Bancaire Privee UBP SA bought a new position in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 124,160 shares of the company’s stock, valued at approximately $6,430,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted 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 during the period. Geode Capital Management LLC increased its position 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 worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC raised its stake in 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 in the last quarter. Westfield Capital Management Co. LP grew its stake in Dynatrace by 31.6% in 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 in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Dynatrace by 23.9% in the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after buying an additional 482,017 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE DT opened at $55.64 on Monday. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 101.16, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business’s fifty day moving average price is $54.31 and its 200-day moving average price is $51.60.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DT shares. JPMorgan Chase & Co. raised their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald started coverage on shares of Dynatrace in a research report on Friday, January 17th. They set a “neutral” rating and a $58.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.68.

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.