Mitsubishi UFJ Asset Management Co. Ltd. Has $11.54 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 210,623 shares of the company’s stock after purchasing an additional 22,367 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Dynatrace worth $11,544,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after acquiring an additional 484,877 shares during the period. State Street Corp lifted its holdings in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. American Century Companies Inc. boosted its position in Dynatrace by 10.2% during the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after purchasing an additional 700,332 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $273,610,000 after purchasing an additional 884,673 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Dynatrace by 12.6% in the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock valued at $141,930,000 after purchasing an additional 292,400 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. UBS Group upped their target price on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their price target on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Finally, BMO Capital Markets dropped their target price on Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Stock Performance

Dynatrace stock opened at $47.10 on Tuesday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market capitalization of $14.10 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock has a fifty day moving average of $55.43 and a 200-day moving average of $54.43.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. 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.