Pacer Advisors Inc. Has $7.76 Million Stake in Dynatrace, Inc. (NYSE:DT)

Pacer Advisors Inc. grew its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 92.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,748 shares of the company's stock after purchasing an additional 68,401 shares during the period. Pacer Advisors Inc.'s holdings in Dynatrace were worth $7,758,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after acquiring an additional 257 shares during the last quarter. UMB Bank n.a. grew its position in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after purchasing an additional 535 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace in the third quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Dynatrace during the third quarter worth approximately $52,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. Loop Capital lifted their target price on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.68.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company's stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Up 0.7 %

DT stock traded up $0.42 during trading hours on Thursday, hitting $57.77. The company's stock had a trading volume of 7,837,026 shares, compared to its average volume of 3,734,222. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $17.24 billion, a PE ratio of 105.04, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02. The stock has a 50 day moving average price of $54.65 and a two-hundred day moving average price of $51.88.

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.