Arkadios Wealth Advisors Buys New Shares in Dynatrace, Inc. (NYSE:DT)

Arkadios Wealth Advisors bought a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,513 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors have also recently made changes to their positions in the company. Avanza Fonder AB bought a new stake in Dynatrace in the fourth quarter worth $1,095,000. Steph & Co. grew its holdings in shares of Dynatrace by 17.6% in the fourth quarter. Steph & Co. now owns 5,440 shares of the company’s stock worth $296,000 after purchasing an additional 813 shares during the last quarter. Sendero Wealth Management LLC boosted its holdings in shares of Dynatrace by 65.0% in the fourth quarter. Sendero Wealth Management LLC now owns 60,423 shares of the company’s stock valued at $3,284,000 after purchasing an additional 23,798 shares during the period. Park Avenue Securities LLC increased its stake in shares of Dynatrace by 20.4% during the fourth quarter. Park Avenue Securities LLC now owns 29,600 shares of the company’s stock valued at $1,609,000 after buying an additional 5,023 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Dynatrace by 464.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 711,756 shares of the company’s stock worth $38,684,000 after purchasing an additional 585,675 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.6 %

NYSE:DT opened at $54.70 on Friday. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The company has a market capitalization of $16.33 billion, a PE ratio of 99.45, a P/E/G ratio of 7.77 and a beta of 1.02. The stock’s 50 day moving average price is $54.23 and its 200 day moving average price is $51.44.

Wall Street Analyst Weigh In

DT has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a report on Wednesday. BTIG Research lifted their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Cantor Fitzgerald initiated coverage on Dynatrace in a research note on Friday, January 17th. They set a “neutral” rating and a $58.00 price objective on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.68.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.