Crossmark Global Holdings Inc. Acquires 9,444 Shares of Dynatrace, Inc. (NYSE:DT)

Crossmark Global Holdings Inc. lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 56.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,303 shares of the company's stock after purchasing an additional 9,444 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Dynatrace were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Atria Investments Inc lifted its stake in Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after acquiring an additional 240 shares during the period. Assetmark Inc. lifted its position in Dynatrace by 20.1% during the third quarter. Assetmark Inc. now owns 39,354 shares of the company's stock valued at $2,104,000 after purchasing an additional 6,581 shares during the period. Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter worth approximately $52,000. Portside Wealth Group LLC grew its position in Dynatrace by 20.3% in the 3rd quarter. Portside Wealth Group LLC now owns 6,393 shares of the company's stock worth $342,000 after purchasing an additional 1,077 shares during the period. Finally, WoodTrust Financial Corp bought a new stake in Dynatrace in the 3rd quarter worth approximately $254,000. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays upgraded Dynatrace from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Wedbush began coverage on Dynatrace in a research report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 target price on the stock. BMO Capital Markets boosted 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. Rosenblatt Securities reiterated a "buy" rating and issued a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Five research 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.50.

Dynatrace Stock Up 0.5 %

DT stock traded up $0.25 during mid-day trading on Thursday, hitting $53.89. The company had a trading volume of 3,042,085 shares, compared to its average volume of 3,350,604. The company has a 50-day moving average price of $53.11 and a 200 day moving average price of $48.54. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 98.24, a P/E/G ratio of 7.50 and a beta of 1.06.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm's stock in a transaction that occurred on 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 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 trade represents a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's 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 in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 in the last quarter. 0.59% of the stock is currently owned by 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.