Dynatrace, Inc. (NYSE:DT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 23.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,993,386 shares of the company's stock after acquiring an additional 384,708 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.67% of Dynatrace worth $106,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diversify Advisory Services LLC acquired a new position in Dynatrace during the 2nd quarter worth about $1,295,000. Assenagon Asset Management S.A. boosted its stake in shares of Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after purchasing an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. increased its stake in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock worth $1,406,000 after buying an additional 9,444 shares during the period. Walter Public Investments Inc. lifted its holdings in Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock worth $14,321,000 after buying an additional 35,626 shares in the last quarter. Finally, Swiss National Bank boosted its position in Dynatrace by 6.6% in the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company's stock valued at $44,958,000 after buying an additional 52,000 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction 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. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, 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. Over the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Loop Capital boosted their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Barclays raised shares of 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 report on Monday, October 7th. Finally, BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price target for the company. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.50.

Dynatrace Trading Up 0.5 %

DT stock traded up $0.27 on Tuesday, hitting $55.63. The company's stock had a trading volume of 2,294,253 shares, compared to its average volume of 3,386,767. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 101.14, a price-to-earnings-growth ratio of 8.11 and a beta of 1.06. The firm has a 50 day moving average of $53.59 and a two-hundred day moving average of $49.01. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

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.