Nomura Asset Management Co. Ltd. Raises Stake in Dynatrace, Inc. (NYSE:DT)

Nomura Asset Management Co. Ltd. raised its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,868 shares of the company's stock after purchasing an additional 10,000 shares during the period. Nomura Asset Management Co. Ltd. owned 0.05% of Dynatrace worth $8,281,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the second quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in Dynatrace in the 2nd quarter valued at approximately $32,000. Riverview Trust Co boosted its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. UMB Bank n.a. raised its stake in Dynatrace by 292.3% in the third 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 period. Finally, Paladin Wealth LLC bought a new stake in shares of Dynatrace during the 3rd quarter worth about $38,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of several analyst reports. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Jefferies Financial Group boosted their target price on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. BNP Paribas began coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. Finally, UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 target price for the company. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.88.

Dynatrace Stock Down 3.5 %

Shares of Dynatrace stock traded down $2.00 during mid-day trading on Friday, hitting $54.42. The stock had a trading volume of 3,877,070 shares, compared to its average volume of 3,368,067. The firm has a market cap of $16.24 billion, a P/E ratio of 102.58, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The firm has a 50-day moving average of $54.70 and a two-hundred day moving average of $49.78. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated 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 sale, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,027 shares of company stock valued at $5,743,084 over the last 90 days. 0.59% of the stock is owned by insiders.

Dynatrace Company 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.