MetLife Investment Management LLC Buys 28,258 Shares of Dynatrace, Inc. (NYSE:DT)

MetLife Investment Management LLC lifted its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 20.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,341 shares of the company's stock after buying an additional 28,258 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Dynatrace worth $8,948,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company's stock worth $26,000 after acquiring an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace during the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC purchased a new position in shares of Dynatrace during the 2nd quarter valued at about $32,000. Riverview Trust Co lifted its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 1.3 %

Shares of NYSE DT traded up $0.74 during trading on Friday, reaching $56.20. 1,606,169 shares of the company traded hands, compared to its average volume of 3,376,540. The firm has a 50 day simple moving average of $53.82 and a 200-day simple moving average of $49.17. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The stock has a market capitalization of $16.77 billion, a PE ratio of 102.18, a P/E/G ratio of 8.11 and a beta of 1.06.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction that occurred on Friday, October 11th. The stock was 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 approximately $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DT. Rosenblatt Securities restated a "buy" rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Guggenheim raised 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. Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, UBS Group assumed coverage on Dynatrace in a report on Wednesday. They issued a "neutral" rating and a $58.00 price objective for the company. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.36.

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.