Everence Capital Management Inc. Makes New $469,000 Investment in Dynatrace, Inc. (NYSE:DT)

Everence Capital Management Inc. bought a new stake in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, Holdings Channel.com reports. The firm bought 8,630 shares of the company’s stock, valued at approximately $469,000.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp grew its position in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after buying an additional 782,588 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the last quarter. RGM Capital LLC increased its position in Dynatrace by 12.8% in the 3rd 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. Finally, Eminence Capital LP acquired a new stake in Dynatrace during the 2nd quarter worth approximately $158,369,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Up 0.8 %

Shares of DT stock opened at $54.81 on Monday. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 8.20 and a beta of 1.02. The firm has a 50-day moving average price of $54.86 and a 200 day moving average price of $50.81. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Scotiabank upped their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. 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 report on Wednesday, October 30th. Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Truist Financial raised 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. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Insider Activity

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value 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. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,027 shares of company stock valued at $3,168,084 over the last 90 days. Insiders own 0.59% of the company’s stock.

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.