UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Dynatrace, Inc. (NYSE:DT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,544,468 shares of the company's stock after selling 226,512 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.85% of Dynatrace worth $136,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in Dynatrace by 47.2% during the 1st quarter. Tidal Investments LLC now owns 28,286 shares of the company's stock worth $1,314,000 after purchasing an additional 9,067 shares during the period. Cetera Investment Advisers raised its holdings in shares of Dynatrace by 385.9% in the first quarter. Cetera Investment Advisers now owns 40,685 shares of the company's stock valued at $1,889,000 after acquiring an additional 32,312 shares in the last quarter. Cetera Advisors LLC lifted its stake in Dynatrace by 88.7% in the first quarter. Cetera Advisors LLC now owns 7,336 shares of the company's stock worth $341,000 after acquiring an additional 3,448 shares during the period. First Hawaiian Bank grew its holdings in Dynatrace by 6.2% during the 2nd quarter. First Hawaiian Bank now owns 31,000 shares of the company's stock worth $1,387,000 after acquiring an additional 1,800 shares in the last quarter. Finally, DNB Asset Management AS increased its position in Dynatrace by 3.2% during the 2nd quarter. DNB Asset Management AS now owns 44,075 shares of the company's stock valued at $1,972,000 after purchasing an additional 1,365 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of Dynatrace stock traded up $0.22 on Monday, hitting $56.41. The company's stock had a trading volume of 2,593,842 shares, compared to its average volume of 3,373,166. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 102.47, a price-to-earnings-growth ratio of 8.21 and a beta of 1.06. The firm has a fifty day moving average price of $53.82 and a 200-day moving average price of $49.20. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Friday, November 8th. Barclays raised Dynatrace from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. BMO Capital Markets lifted their target price on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Finally, UBS Group assumed coverage on Dynatrace in a research note on Wednesday, November 27th. They set a "neutral" rating and a $58.00 target price on the stock. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Based on 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 related news, 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 in the last three months. 0.59% of the stock is currently owned by company insiders.

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.