13,758 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Diversified Trust Co

Diversified Trust Co purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,758 shares of the company’s stock, valued at approximately $748,000.

Other hedge funds have also recently modified their holdings of the company. Riverview Trust Co lifted 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 purchasing an additional 257 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the third quarter worth $38,000. UMB Bank n.a. raised its position in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Dynatrace in the third quarter worth $52,000. Finally, Park Place Capital Corp raised its position in Dynatrace by 48.6% in the third quarter. Park Place Capital Corp now owns 1,412 shares of the company’s stock worth $76,000 after acquiring an additional 462 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.2 %

Shares of NYSE:DT opened at $52.17 on Friday. The stock’s 50-day moving average price is $54.70 and its two-hundred day moving average price is $50.95. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 94.85, a PEG ratio of 8.20 and a beta of 1.02.

Insiders Place Their Bets

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DT has been the subject of several research analyst reports. Scotiabank increased their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.