Machina Capital S.A.S. Takes Position in Dynatrace, Inc. (NYSE:DT)

Machina Capital S.A.S. acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,672 shares of the company’s stock, valued at approximately $363,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC grew its stake in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Dynatrace during the third quarter worth $52,000. Finally, UMB Bank n.a. increased its holdings in 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 during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Morgan Stanley boosted their target price on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. DA Davidson set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last ninety days. 0.59% of the stock is currently owned by company insiders.

Dynatrace Price Performance

NYSE:DT opened at $52.36 on Friday. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The firm’s fifty day moving average price is $56.43 and its 200 day moving average price is $54.50.

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.