Geode Capital Management LLC Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Geode Capital Management LLC grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 20.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,127,967 shares of the company's stock after buying an additional 884,673 shares during the quarter. Geode Capital Management LLC owned 1.72% of Dynatrace worth $273,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Dynatrace in the 2nd quarter worth about $26,000. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after acquiring an additional 257 shares during the period. Paladin Wealth LLC purchased a new position in shares of Dynatrace during the third quarter valued at approximately $38,000. UMB Bank n.a. lifted its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after purchasing an additional 535 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter worth approximately $52,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $2.01 on Friday, hitting $54.41. 3,877,830 shares of the company traded hands, compared to its average volume of 3,368,067. The business has a 50-day simple moving average of $54.71 and a 200 day simple moving average of $49.89. 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 $16.24 billion, a P/E ratio of 98.93, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DT shares. Guggenheim boosted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. BNP Paribas started coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Loop Capital raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.88.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction 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 sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,027 shares of company stock worth $5,743,084. Insiders own 0.59% of the company's stock.

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.