Versant Capital Management Inc Has $105,000 Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Versant Capital Management Inc grew its stake in Dynatrace, Inc. (NYSE:DT) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,933 shares of the company’s stock after acquiring an additional 206 shares during the quarter. Versant Capital Management Inc’s holdings in Dynatrace were worth $105,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DT. State Street Corp raised its position in shares of Dynatrace by 14.6% during the third 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 period. American Century Companies Inc. increased its holdings in Dynatrace by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares in 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 in the last quarter. RGM Capital LLC raised 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 buying an additional 494,028 shares during the last quarter. Finally, Eminence Capital LP bought a new stake in Dynatrace in the 2nd quarter valued at approximately $158,369,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.8 %

DT stock opened at $54.81 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 cap of $16.36 billion, a PE ratio of 99.65, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The business has a 50-day simple moving average of $54.86 and a 200 day simple moving average of $50.71.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,027 shares of company stock worth $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DT. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday. BTIG Research upped their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Dynatrace Company 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.