Hantz Financial Services Inc. raised its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,031 shares of the company's stock after acquiring an additional 25,159 shares during the quarter. Hantz Financial Services Inc. owned 0.07% of Dynatrace worth $10,535,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the 2nd quarter worth $26,000. Versant Capital Management Inc boosted its position in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company's stock valued at $26,000 after purchasing an additional 572 shares during the period. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% in the 3rd 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 period. Paladin Wealth LLC purchased a new position in Dynatrace in the 3rd quarter worth about $38,000. Finally, UMB Bank n.a. raised its holdings in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares during the period. Institutional investors own 94.28% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. BNP Paribas began coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price objective for the company. Loop Capital boosted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Rosenblatt Securities restated a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price target on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $61.36.
Check Out Our Latest Research Report on Dynatrace
Insider Buying and Selling
In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company's stock.
Dynatrace Stock Up 1.3 %
DT stock traded up $0.74 during midday trading on Friday, hitting $56.20. 1,606,169 shares of the company traded hands, compared to its average volume of 3,376,540. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 102.18, a price-to-earnings-growth ratio of 8.11 and a beta of 1.06. The business has a 50 day simple moving average of $53.82 and a 200-day simple moving average of $49.17.
Dynatrace Company Profile
(
Free Report)
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.
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