iA Global Asset Management Inc. acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,360 shares of the company's stock, valued at approximately $4,778,000.
Other institutional investors have also bought and sold shares of the company. Worldquant Millennium Advisors LLC lifted its holdings in Dynatrace by 73.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 559,044 shares of the company's stock valued at $29,892,000 after acquiring an additional 237,442 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Dynatrace by 157.9% in the 3rd quarter. Two Sigma Advisers LP now owns 248,100 shares of the company's stock valued at $13,266,000 after acquiring an additional 151,900 shares during the last quarter. Temasek Holdings Private Ltd lifted its holdings in Dynatrace by 7.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 855,903 shares of the company's stock valued at $45,765,000 after acquiring an additional 58,139 shares during the last quarter. Sora Investors LLC acquired a new stake in Dynatrace in the 3rd quarter valued at about $8,471,000. Finally, State Street Corp lifted its holdings in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.
Insider Buying and Selling
In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on 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 $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,000 shares of company stock valued at $5,741,500 over the last ninety days. 0.59% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
DT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective 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. UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price objective for the company. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.48.
View Our Latest Stock Analysis on DT
Dynatrace Stock Performance
Shares of DT traded down $0.32 during mid-day trading on Friday, hitting $58.31. The company's stock had a trading volume of 2,730,804 shares, compared to its average volume of 3,831,182. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm has a market capitalization of $17.40 billion, a PE ratio of 106.02, a price-to-earnings-growth ratio of 8.71 and a beta of 1.01. The stock's 50-day moving average is $54.37 and its two-hundred day moving average is $49.55.
About Dynatrace
(
Free Report)
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.
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