Artemis Investment Management LLP Buys 53,271 Shares of Dynatrace, Inc. (NYSE:DT)

Artemis Investment Management LLP lifted its stake in Dynatrace, Inc. (NYSE:DT) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,161 shares of the company’s stock after buying an additional 53,271 shares during the period. Artemis Investment Management LLP owned about 0.11% of Dynatrace worth $18,651,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Dynatrace by 14.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC increased its stake in 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 acquiring an additional 884,673 shares during the period. RGM Capital LLC increased 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 acquiring an additional 494,028 shares during the period. Eminence Capital LP bought a new position in Dynatrace during the second quarter worth about $158,369,000. Finally, Westfield Capital Management Co. LP lifted its stake in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

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

Dynatrace Price Performance

Shares of NYSE DT opened at $51.31 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market capitalization of $15.31 billion, a P/E ratio of 93.29, a P/E/G ratio of 7.39 and a beta of 1.02. The company’s 50 day simple moving average is $54.27 and its 200 day simple moving average is $51.23.

Analyst Upgrades and Downgrades

DT has been the topic of several analyst reports. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. Barclays boosted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Finally, Cantor Fitzgerald started coverage on shares of Dynatrace in a report on Friday. They set a “neutral” rating and a $58.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.92.

Dynatrace 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.