Dynatrace, Inc. (NYSE:DT) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd cut its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 97.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,849 shares of the company's stock after selling 174,211 shares during the period. Point72 Hong Kong Ltd's holdings in Dynatrace were worth $259,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Diversify Advisory Services LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth about $1,295,000. Assenagon Asset Management S.A. increased its position in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after acquiring an additional 9,444 shares during the period. Walter Public Investments Inc. lifted its holdings in shares of Dynatrace by 12.5% in the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock worth $14,321,000 after acquiring an additional 35,626 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Dynatrace during the 3rd quarter worth approximately $600,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays raised Dynatrace from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $64.00 in a research report on Monday, October 7th. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price target on the stock. Finally, Wedbush initiated coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.36.

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company's stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 in the last ninety days. 0.59% of the stock is currently owned by company insiders.

Dynatrace Trading Up 1.6 %

Shares of NYSE DT traded up $0.92 during trading hours on Tuesday, reaching $57.28. The stock had a trading volume of 2,820,605 shares, compared to its average volume of 3,370,794. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 104.15, a PEG ratio of 8.24 and a beta of 1.01. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a 50-day moving average of $54.00 and a 200-day moving average of $49.32.

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.