MML Investors Services LLC Buys 10,617 Shares of Dynatrace, Inc. (NYSE:DT)

MML Investors Services LLC lifted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,011 shares of the company's stock after acquiring an additional 10,617 shares during the quarter. MML Investors Services LLC's holdings in Dynatrace were worth $4,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the 2nd quarter worth approximately $26,000. Riverview Trust Co raised its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after buying an additional 257 shares during the last quarter. UMB Bank n.a. grew its stake in Dynatrace by 292.3% in the 3rd 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. Paladin Wealth LLC purchased a new stake in shares of Dynatrace during the 3rd quarter valued at $38,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Dynatrace by 62.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 983 shares of the company's stock worth $44,000 after purchasing an additional 378 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

NYSE DT traded down $2.01 during trading on Friday, reaching $54.41. The company's stock had a trading volume of 3,877,830 shares, compared to its average volume of 3,368,067. The stock has a market capitalization of $16.24 billion, a PE ratio of 98.95, a P/E/G ratio of 8.20 and a beta of 1.01. The firm has a fifty day moving average of $54.71 and a 200 day moving average of $49.83. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Insider Buying and Selling

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,027 shares of company stock worth $5,743,084. Insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

DT has been the subject of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. BTIG Research raised their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. UBS Group assumed coverage on Dynatrace in a research note on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 price objective on the stock. Guggenheim raised their target price on Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.88.

About Dynatrace

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.