Dynatrace, Inc. (NYSE:DT) Stake Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Dynatrace, Inc. (NYSE:DT) by 22.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,279 shares of the company’s stock after acquiring an additional 965 shares during the period. Advisors Asset Management Inc.’s holdings in Dynatrace were worth $282,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DT. Cullen Frost Bankers Inc. acquired a new position in shares of Dynatrace in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc lifted its stake in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares during the last quarter. Riverview Trust Co boosted its holdings in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace during the third quarter valued at $38,000. Finally, UMB Bank n.a. raised its holdings in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

NYSE DT opened at $55.46 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $16.55 billion, a P/E ratio of 100.84, a PEG ratio of 8.09 and a beta of 1.06. The company’s 50 day simple moving average is $53.72 and its 200 day simple moving average is $49.10.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on DT shares. BMO Capital Markets lifted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank upped their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Loop Capital raised their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.36.

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.