Dynatrace, Inc. (NYSE:DT) Stock Holdings Boosted by Nordea Investment Management AB

Nordea Investment Management AB lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,444 shares of the company’s stock after acquiring an additional 1,577 shares during the period. Nordea Investment Management AB’s holdings in Dynatrace were worth $1,113,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Dynatrace in the second quarter worth about $382,000. DekaBank Deutsche Girozentrale lifted its holdings in Dynatrace by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 32,850 shares of the company’s stock worth $1,503,000 after purchasing an additional 1,443 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Dynatrace by 10.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,625 shares of the company’s stock worth $1,191,000 after purchasing an additional 2,435 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Dynatrace by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,108,196 shares of the company’s stock worth $49,581,000 after purchasing an additional 77,703 shares during the period. Finally, Walter Public Investments Inc. lifted its holdings in Dynatrace by 12.5% in the second quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock worth $14,321,000 after purchasing an additional 35,626 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling 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 value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 3.0 %

Shares of DT stock opened at $50.64 on Monday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The business’s 50 day moving average is $54.63 and its two-hundred day moving average is $51.10. The company has a market cap of $15.12 billion, a PE ratio of 92.07, a price-to-earnings-growth ratio of 7.93 and a beta of 1.01.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DT. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Scotiabank upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Wedbush initiated coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.