Artemis Investment Management LLP Acquires 53,271 Shares of Dynatrace, Inc. (NYSE:DT)

Artemis Investment Management LLP grew its holdings in Dynatrace, Inc. (NYSE:DT) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,161 shares of the company’s stock after acquiring an additional 53,271 shares during the quarter. Artemis Investment Management LLP’s holdings in Dynatrace were worth $18,651,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC raised its stake in shares of Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares during the period. Atria Investments Inc lifted its holdings in shares of Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the period. Finally, Riverview Trust Co grew its holdings in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DT shares. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Scotiabank increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, UBS Group started coverage on Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.92.

Dynatrace Trading Up 0.5 %

Shares of NYSE DT opened at $51.31 on Friday. The firm has a market cap of $15.31 billion, a P/E ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02. The business’s 50 day moving average is $54.27 and its 200-day moving average is $51.23. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.