18,339 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Atom Investors LP

Atom Investors LP purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,339 shares of the company's stock, valued at approximately $981,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Avala Global LP grew its holdings in Dynatrace by 29.7% during the third quarter. Avala Global LP now owns 1,313,227 shares of the company's stock valued at $70,218,000 after purchasing an additional 301,027 shares during the period. JAT Capital Mgmt LP purchased a new stake in shares of Dynatrace in the third quarter worth about $9,357,000. Fred Alger Management LLC lifted its position in shares of Dynatrace by 99.9% in the third quarter. Fred Alger Management LLC now owns 1,761 shares of the company's stock worth $94,000 after buying an additional 880 shares in the last quarter. Eventide Asset Management LLC bought a new stake in Dynatrace during the third quarter worth approximately $1,885,000. Finally, Captrust Financial Advisors bought a new stake in Dynatrace during the third quarter worth approximately $327,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 approximately $10,810,185.15. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DT shares. Wells Fargo & Company decreased their price objective on Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Barclays upgraded Dynatrace from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $52.00 to $64.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. BNP Paribas began coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.36.

Dynatrace Stock Performance

DT traded up $2.31 on Wednesday, hitting $59.60. 4,297,998 shares of the company were exchanged, compared to its average volume of 3,374,756. The stock has a market capitalization of $17.79 billion, a PE ratio of 108.35, a price-to-earnings-growth ratio of 8.24 and a beta of 1.01. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a fifty day simple moving average of $54.15 and a two-hundred day simple moving average of $49.40.

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.