New Mexico Educational Retirement Board Purchases 12,370 Shares of Dynatrace, Inc. (NYSE:DT)

New Mexico Educational Retirement Board lifted its position in Dynatrace, Inc. (NYSE:DT) by 25.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,870 shares of the company’s stock after acquiring an additional 12,370 shares during the period. New Mexico Educational Retirement Board’s holdings in Dynatrace were worth $3,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Holocene Advisors LP bought a new position in Dynatrace during the third quarter valued at approximately $126,592,000. State Street Corp lifted its position in Dynatrace by 14.6% during the third 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 period. Barclays PLC lifted its position in Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after purchasing an additional 981,964 shares during the period. Geode Capital Management LLC lifted its position in Dynatrace by 20.8% during 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 period. Finally, Westfield Capital Management Co. LP lifted its position 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 valued at $144,571,000 after purchasing an additional 648,808 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the 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 transaction, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,459 shares of company stock valued at $5,177,882. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT opened at $61.35 on Friday. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04. The company has a fifty day moving average of $55.58 and a 200 day moving average of $53.19. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.