Meiji Yasuda Asset Management Co Ltd. Purchases 2,104 Shares of Dynatrace, Inc. (NYSE:DT)

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 12.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,469 shares of the company’s stock after acquiring an additional 2,104 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dynatrace were worth $1,004,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama grew its position in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after buying an additional 64,999 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Synovus Financial Corp increased its position in shares of Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares during the period. QRG Capital Management Inc. raised its stake in Dynatrace by 16.9% in the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after purchasing an additional 9,251 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Dynatrace during the fourth quarter worth about $842,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DT. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. UBS Group raised their target price on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $63.35.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their position. 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 in the last 90 days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 1.3 %

Shares of DT opened at $50.53 on Thursday. The firm’s fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $54.46. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The stock has a market capitalization of $15.13 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.