FFT Wealth Management LLC Makes New $326,000 Investment in Dynatrace, Inc. (NYSE:DT)

FFT Wealth Management LLC purchased a new position in Dynatrace, Inc. (NYSE:DT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,007 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Amalgamated Bank raised its stake in Dynatrace by 0.3% in the 4th quarter. Amalgamated Bank now owns 146,576 shares of the company’s stock valued at $7,966,000 after purchasing an additional 475 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Dynatrace by 42.4% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,446 shares of the company’s stock worth $5,514,000 after buying an additional 30,200 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Dynatrace by 45.0% in the fourth quarter. First Horizon Advisors Inc. now owns 2,189 shares of the company’s stock valued at $119,000 after buying an additional 679 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Dynatrace during the fourth quarter valued at approximately $210,000. Finally, Handelsbanken Fonder AB boosted its position in Dynatrace by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock worth $141,930,000 after acquiring an additional 292,400 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target 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 target price on Dynatrace in a research report on Friday, January 31st. Truist Financial lifted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays increased their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Stock Down 0.9 %

DT opened at $58.45 on Wednesday. The firm’s 50 day moving average is $56.22 and its 200-day moving average is $54.14. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $63.00. The firm has a market capitalization of $17.50 billion, a P/E ratio of 36.53, a P/E/G ratio of 7.05 and a beta of 1.04.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 167,459 shares of company stock valued at $10,052,682. Corporate insiders own 0.59% of the company’s stock.

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.