Avala Global LP grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 29.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313,227 shares of the company's stock after buying an additional 301,027 shares during the period. Dynatrace makes up about 4.6% of Avala Global LP's holdings, making the stock its 5th biggest holding. Avala Global LP owned 0.44% of Dynatrace worth $70,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Eminence Capital LP bought a new stake in Dynatrace in the 2nd quarter worth approximately $158,369,000. Assenagon Asset Management S.A. raised its stake in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock worth $98,792,000 after acquiring an additional 2,030,915 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the last quarter. Dorsal Capital Management LP boosted its stake in shares of Dynatrace by 118.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company's stock valued at $78,295,000 after purchasing an additional 950,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Dynatrace by 70.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,934,499 shares of the company's stock valued at $86,549,000 after purchasing an additional 801,718 shares during the last quarter. Institutional investors own 94.28% of the company's stock.
Insider Transactions at Dynatrace
In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace 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 completion of the sale, the director now owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company's stock, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 over the last quarter. 0.59% of the stock is currently owned by insiders.
Dynatrace Stock Performance
Shares of DT stock traded up $0.17 during mid-day trading on Monday, hitting $56.36. The company's stock had a trading volume of 2,542,005 shares, compared to its average volume of 3,368,560. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The business has a 50-day moving average price of $53.82 and a 200 day moving average price of $49.20. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 102.16, a PEG ratio of 8.21 and a beta of 1.06.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. UBS Group initiated coverage on Dynatrace in a research note on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price objective on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Wedbush initiated coverage on Dynatrace in a research note on Thursday, October 17th. They set an "outperform" rating and a $67.00 price objective for the company. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen 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 a consensus price target of $61.36.
Get Our Latest Stock Analysis on DT
Dynatrace Profile
(
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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