Townsquare Capital LLC Buys 10,460 Shares of Dynatrace, Inc. (NYSE:DT)

Townsquare Capital LLC lifted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 26.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,839 shares of the company's stock after acquiring an additional 10,460 shares during the quarter. Townsquare Capital LLC's holdings in Dynatrace were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DT. D.A. Davidson & CO. boosted its stake in Dynatrace by 12.2% in the third quarter. D.A. Davidson & CO. now owns 8,924 shares of the company's stock valued at $477,000 after acquiring an additional 973 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Dynatrace by 40.9% in the third quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company's stock valued at $12,410,000 after acquiring an additional 67,380 shares in the last quarter. Bank of Montreal Can boosted its stake in Dynatrace by 27.9% in the third quarter. Bank of Montreal Can now owns 910,374 shares of the company's stock valued at $48,241,000 after acquiring an additional 198,568 shares in the last quarter. Truvestments Capital LLC acquired a new position in Dynatrace in the third quarter valued at $134,000. Finally, Daiwa Securities Group Inc. boosted its stake in Dynatrace by 13.7% in the third quarter. Daiwa Securities Group Inc. now owns 26,579 shares of the company's stock valued at $1,421,000 after acquiring an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DT shares. Wells Fargo & Company decreased their target price on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Loop Capital increased their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.36.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the 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 transaction, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at $33,505,230.50. This trade represents a 7.14 % 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 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

Dynatrace Price Performance

Shares of Dynatrace stock traded up $0.73 on Friday, hitting $56.19. The company had a trading volume of 1,606,169 shares, compared to its average volume of 3,886,143. The firm has a market capitalization of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a 50-day moving average of $53.82 and a 200-day moving average of $49.19.

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.