Sumitomo Mitsui Trust Group Inc. Acquires 48,155 Shares of Dynatrace, Inc. (NYSE:DT)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,370 shares of the company's stock after acquiring an additional 48,155 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Dynatrace worth $29,482,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DT. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the second quarter worth about $26,000. Versant Capital Management Inc raised its position in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company's stock worth $26,000 after purchasing an additional 572 shares during the last quarter. Riverview Trust Co lifted its holdings in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares in the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the 3rd quarter worth $38,000. Finally, UMB Bank n.a. boosted its position in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after buying an additional 535 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 2.8 %

Shares of NYSE:DT traded down $1.52 during mid-day trading on Friday, reaching $52.35. 3,189,512 shares of the stock were exchanged, compared to its average volume of 2,904,103. The company has a market cap of $15.63 billion, a P/E ratio of 95.18, a P/E/G ratio of 7.34 and a beta of 1.06. The stock's 50 day simple moving average is $53.25 and its 200-day simple moving average is $48.66. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last ninety days. Insiders own 0.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their target price 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. Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price objective on the stock. Finally, Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.50.

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.