Allstate Corp Acquires Shares of 8,665 Dynatrace, Inc. (NYSE:DT)

Allstate Corp acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,665 shares of the company’s stock, valued at approximately $471,000.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. UMB Bank n.a. boosted its stake in shares of Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after buying an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings 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 acquiring an additional 911 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DT. Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Truist Financial raised 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. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average target price of $63.35.

Dynatrace Stock Up 1.6 %

Shares of Dynatrace stock opened at $47.90 on Wednesday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The business’s fifty day moving average is $55.33 and its two-hundred day moving average is $54.41. The firm has a market cap of $14.34 billion, a PE ratio of 29.94, a P/E/G ratio of 7.05 and a beta of 1.12.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were 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 on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by 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.