Benjamin Edwards Inc. Purchases 25,214 Shares of Dynatrace, Inc. (NYSE:DT)

Benjamin Edwards Inc. grew its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 4,660.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,755 shares of the company's stock after acquiring an additional 25,214 shares during the quarter. Benjamin Edwards Inc.'s holdings in Dynatrace were worth $1,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DT. Atria Investments Inc increased its position in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after acquiring an additional 240 shares during the period. Avior Wealth Management LLC raised its holdings in Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock valued at $470,000 after buying an additional 248 shares in the last quarter. Riverview Trust Co increased its stake in shares of 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. B. Riley Wealth Advisors Inc. increased its stake in shares of Dynatrace by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company's stock worth $392,000 after purchasing an additional 266 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in Dynatrace by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company's stock worth $480,000 after buying an additional 270 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's 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 sale, the director now directly 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. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of NYSE:DT traded up $0.07 on Friday, hitting $58.70. The stock had a trading volume of 1,542,377 shares, compared to its average volume of 3,363,617. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm's 50 day moving average price is $54.27 and its 200-day moving average price is $49.46. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 106.67, a price-to-earnings-growth ratio of 8.37 and a beta of 1.01.

Analyst Ratings Changes

Several brokerages have commented on DT. BNP Paribas assumed coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 target price for the company. Wedbush initiated coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Loop Capital boosted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, Guggenheim increased their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.48.

Dynatrace 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.