Mutual of America Capital Management LLC Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Mutual of America Capital Management LLC lifted its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 16.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 161,001 shares of the company's stock after acquiring an additional 23,280 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Dynatrace worth $8,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DT. Vanguard Group Inc. lifted its position in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Dynatrace during the 2nd quarter worth approximately $1,295,000. Assenagon Asset Management S.A. lifted its holdings in Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock worth $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock worth $1,406,000 after buying an additional 9,444 shares in the last quarter. Finally, Walter Public Investments Inc. lifted its holdings in Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock worth $14,321,000 after buying an additional 35,626 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. BMO Capital Markets increased their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Guggenheim increased their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Loop Capital increased their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.50.

Dynatrace Stock Performance

NYSE:DT traded down $0.73 during mid-day trading on Tuesday, reaching $51.69. The stock had a trading volume of 1,789,433 shares, compared to its average volume of 3,344,818. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The business has a 50 day simple moving average of $53.28 and a 200 day simple moving average of $48.71. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 95.33, a PEG ratio of 7.34 and a beta of 1.06.

Insider Activity

In other news, 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 transaction of $275,000.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last three months. 0.59% of the stock is currently owned by company insiders.

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.