Westfield Capital Management Co. LP Has $106.51 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Westfield Capital Management Co. LP increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,947,452 shares of the company’s stock after purchasing an additional 187,311 shares during the period. Westfield Capital Management Co. LP owned approximately 0.66% of Dynatrace worth $106,506,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new position in Dynatrace during the fourth quarter worth about $25,000. NewSquare Capital LLC bought a new position in Dynatrace during the fourth quarter worth about $32,000. Planned Solutions Inc. bought a new stake in shares of Dynatrace in the fourth quarter valued at about $38,000. Lindbrook Capital LLC lifted its holdings in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 187 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Dynatrace in the fourth quarter valued at about $40,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of DT traded down $0.67 during trading hours on Friday, reaching $46.93. The stock had a trading volume of 2,571,172 shares, compared to its average volume of 4,046,904. Dynatrace, Inc. has a 12 month low of $43.29 and a 12 month high of $61.41. The stock has a market capitalization of $13.82 billion, a PE ratio of 90.25, a PEG ratio of 6.87 and a beta of 1.06. The company’s 50-day moving average is $46.42 and its two-hundred day moving average is $50.86.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DT shares. TD Cowen cut their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada dropped their target price on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Morgan Stanley assumed coverage on Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price on the stock. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Finally, Wolfe Research assumed coverage on Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.54.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.