Dynatrace, Inc. (NYSE:DT) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 69.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,431 shares of the company's stock after selling 159,033 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Dynatrace were worth $3,819,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of Dynatrace by 385.9% during the 1st 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 during the period. Cetera Advisors LLC increased its position in shares of Dynatrace by 88.7% in the first quarter. Cetera Advisors LLC now owns 7,336 shares of the company's stock valued at $341,000 after buying an additional 3,448 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Dynatrace by 3.8% during the 2nd quarter. Park Avenue Securities LLC now owns 24,088 shares of the company's stock worth $1,078,000 after buying an additional 886 shares during the period. CWM LLC lifted its position in shares of Dynatrace by 30.4% during the 2nd quarter. CWM LLC now owns 2,357 shares of the company's stock valued at $105,000 after buying an additional 550 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Dynatrace by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 38,670 shares of the company's stock valued at $1,730,000 after acquiring an additional 1,014 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DT has been the topic of several recent analyst reports. Wedbush initiated coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an "outperform" rating and a $67.00 price objective on the stock. BNP Paribas started coverage on Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price objective on the stock. Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $61.48.

Dynatrace Trading Down 0.5 %

Dynatrace stock traded down $0.32 during trading on Friday, hitting $58.31. The company had a trading volume of 2,730,804 shares, compared to its average volume of 3,831,182. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The company's 50 day simple moving average is $54.27 and its 200-day simple moving average is $49.46. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 106.03, a price-to-earnings-growth ratio of 8.71 and a beta of 1.01.

Insider Buying and Selling

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was 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. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were 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. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,000 shares of company stock valued at $5,741,500. Corporate insiders own 0.59% of the company's stock.

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.