Daiwa Securities Group Inc. Has $1.66 Million Position in Dynatrace, Inc. (NYSE:DT)

Daiwa Securities Group Inc. lifted its stake in Dynatrace, Inc. (NYSE:DT) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,448 shares of the company’s stock after buying an additional 3,869 shares during the period. Daiwa Securities Group Inc.’s holdings in Dynatrace were worth $1,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its stake in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. lifted its position in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted 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 buying an additional 911 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This 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 90 days. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

NYSE:DT opened at $48.45 on Friday. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 7.05 and a beta of 1.12. The stock’s fifty day moving average price is $55.85 and its two-hundred day moving average price is $54.42. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley lifted their price objective on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company set a $70.00 target price on Dynatrace in a research report on Friday, January 31st. Eight 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

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.