Cerity Partners LLC Boosts Position in Dynatrace, Inc. (NYSE:DT)

Cerity Partners LLC raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 291.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,478 shares of the company's stock after purchasing an additional 14,499 shares during the quarter. Cerity Partners LLC's holdings in Dynatrace were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Diversify Advisory Services LLC bought a new stake in shares of Dynatrace in the second quarter valued at approximately $1,295,000. Assenagon Asset Management S.A. boosted its holdings 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 worth $98,792,000 after acquiring an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Dynatrace by 56.0% in the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after purchasing an additional 9,444 shares in the last quarter. Walter Public Investments Inc. raised its stake in shares of Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock valued at $14,321,000 after purchasing an additional 35,626 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Dynatrace during the 3rd quarter worth about $600,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of DT stock traded down $0.96 during trading hours on Thursday, hitting $58.64. The stock had a trading volume of 2,649,400 shares, compared to its average volume of 3,371,671. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 106.62, a PEG ratio of 8.37 and a beta of 1.01. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The stock's 50-day moving average price is $54.27 and its two-hundred day moving average price is $49.46.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 report on Wednesday, October 30th. BMO Capital Markets upped their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Guggenheim boosted their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Wedbush initiated coverage on Dynatrace in a research note on Thursday, October 17th. They issued an "outperform" rating and a $67.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.36.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the business's stock in a transaction on Friday, September 6th. The shares were 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 approximately $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's 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 completion of the sale, the director now directly owns 41,471 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

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.