Bridgewater Associates LP Decreases Position in Dynatrace, Inc. (NYSE:DT)

Bridgewater Associates LP decreased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,628 shares of the company's stock after selling 30,611 shares during the period. Bridgewater Associates LP's holdings in Dynatrace were worth $6,129,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its stake in Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock valued at $299,827,000 after buying an additional 782,588 shares during the last quarter. RGM Capital LLC increased its position in shares of Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company's stock valued at $172,194,000 after acquiring an additional 225,000 shares during the last quarter. Eminence Capital LP bought a new stake in Dynatrace during the second quarter worth $158,369,000. Westfield Capital Management Co. LP boosted its position in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock worth $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in Dynatrace by 23.9% in the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company's stock valued at $133,753,000 after purchasing an additional 482,017 shares during the period. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. BTIG Research raised their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Finally, Scotiabank raised their target price on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Six 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.36.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 in the last 90 days. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Up 1.3 %

NYSE:DT traded up $0.73 during trading hours on Friday, hitting $56.19. 1,606,169 shares of the company's stock traded hands, compared to its average volume of 3,376,540. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The business's fifty day simple moving average is $53.82 and its two-hundred day simple moving average is $49.19. The firm has a market cap of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.11 and a beta of 1.06.

About Dynatrace

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.