Dynatrace, Inc. (NYSE:DT) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 53.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,546 shares of the company's stock after purchasing an additional 11,346 shares during the period. KBC Group NV's holdings in Dynatrace were worth $1,740,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company's stock worth $338,053,000 after purchasing an additional 583,220 shares during the period. American Century Companies Inc. boosted its stake in shares of Dynatrace by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock worth $299,827,000 after purchasing an additional 782,588 shares during the period. RGM Capital LLC boosted its stake in shares of Dynatrace by 6.2% during the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company's stock worth $172,194,000 after purchasing an additional 225,000 shares during the period. Finally, Eminence Capital LP purchased a new position in shares of Dynatrace during the 2nd quarter worth about $158,369,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Scotiabank increased their target price on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. Barclays upgraded Dynatrace from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price objective on the stock. Five 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, the company currently has an average rating of "Moderate Buy" and an average price target of $61.50.

Insider Buying and Selling

In related news, 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 transaction of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business's 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 sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents 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 sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Down 1.6 %

Shares of NYSE DT traded down $0.86 during midday trading on Tuesday, reaching $51.57. 3,628,244 shares of the stock were exchanged, compared to its average volume of 3,353,027. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 95.33, a PEG ratio of 7.34 and a beta of 1.06. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a 50-day simple moving average of $53.28 and a two-hundred day simple moving average of $48.71.

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.