Clal Insurance Enterprises Holdings Ltd Invests $25.54 Million in Dynatrace, Inc. (NYSE:DT)

Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 470,000 shares of the company’s stock, valued at approximately $25,544,000.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the period. Versant Capital Management Inc increased its holdings in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC increased its holdings in Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after purchasing an additional 222 shares during the period. Finally, Atria Investments Inc increased its holdings in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Performance

Shares of NYSE DT opened at $57.26 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 7.05 and a beta of 1.04. The firm’s 50-day simple moving average is $56.46 and its 200 day simple moving average is $54.32.

Analysts Set New Price Targets

A number of analysts recently weighed in on DT shares. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.25.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,459 shares of company stock valued at $10,052,682. 0.59% of the stock is 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.