Dynatrace, Inc. (NYSE:DT) Shares Purchased by Keybank National Association OH

Keybank National Association OH boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 4,269.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 567,850 shares of the company’s stock after purchasing an additional 554,854 shares during the quarter. Keybank National Association OH’s holdings in Dynatrace were worth $30,863,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Dynatrace by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,052,244 shares of the company’s stock worth $111,539,000 after acquiring an additional 58,858 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after purchasing an additional 911 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in Dynatrace during the fourth quarter worth about $25,544,000. SBI Securities Co. Ltd. acquired a new position in Dynatrace in the 4th quarter valued at about $38,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Dynatrace by 36.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,813 shares of the company’s stock valued at $99,000 after buying an additional 482 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DT has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Scotiabank upped their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.25.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $55.14 on Wednesday. The business has a 50-day simple moving average of $56.48 and a 200-day simple moving average of $54.45. The company has a market cap of $16.51 billion, a PE ratio of 34.46, a P/E/G ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00.

Insider Buying and Selling

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 transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,459 shares of company stock worth $7,161,182 over the last 90 days. 0.59% of the stock is owned by insiders.

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.