Quadrature Capital Ltd Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Quadrature Capital Ltd acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,421 shares of the company's stock, valued at approximately $1,038,000.

A number of other institutional investors have also added to or reduced their stakes in DT. Cullen Frost Bankers Inc. purchased a new position in Dynatrace in the second quarter worth $26,000. Riverview Trust Co raised its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after buying an additional 257 shares in the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace in the 3rd quarter worth approximately $38,000. UMB Bank n.a. boosted its stake in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Dynatrace during the second quarter valued at approximately $32,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DT has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 price objective for the company. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective on the stock. Scotiabank increased their target price on Dynatrace from $55.00 to $62.00 and gave the company a "sector outperform" rating in a report on Friday, November 8th. Finally, BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price target on the stock. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.48.

Dynatrace Trading Down 0.5 %

NYSE:DT traded down $0.32 during trading hours on Friday, reaching $58.31. 2,730,804 shares of the company traded hands, 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 stock has a market capitalization of $17.40 billion, a P/E ratio of 106.02, a P/E/G ratio of 8.71 and a beta of 1.01. The business's 50-day moving average price is $54.37 and its two-hundred day moving average price is $49.54.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred 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 completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,000 shares of company stock valued at $5,741,500 in the last quarter. 0.59% of the stock is owned by 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.