Quantinno Capital Management LP Acquires 112,756 Shares of Dynatrace, Inc. (NYSE:DT)

Quantinno Capital Management LP raised its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 322.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,748 shares of the company's stock after acquiring an additional 112,756 shares during the quarter. Quantinno Capital Management LP's holdings in Dynatrace were worth $7,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DT. Eminence Capital LP bought a new stake in shares of Dynatrace during the second quarter valued at approximately $158,369,000. Holocene Advisors LP purchased a new position in Dynatrace during the third quarter valued at $126,592,000. Assenagon Asset Management S.A. boosted its holdings in shares of 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 valued at $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Marshall Wace LLP grew its position in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after buying an additional 1,029,387 shares during the period. Finally, Dorsal Capital Management LP grew its position in shares of Dynatrace by 118.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company's stock worth $78,295,000 after buying an additional 950,000 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Scotiabank lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company a "sector outperform" rating in a report on Friday, November 8th. BNP Paribas started 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. UBS Group assumed coverage on Dynatrace in a research report on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price objective for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average target price of $61.48.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the 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 of the company's stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,000 shares of company stock worth $5,741,500. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Down 0.5 %

Shares of Dynatrace stock traded down $0.32 during trading hours on Friday, reaching $58.32. 2,730,802 shares of the stock traded hands, compared to its average volume of 3,368,956. The company has a 50 day moving average price of $54.27 and a 200 day moving average price of $49.46. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 106.02, a P/E/G ratio of 8.37 and a beta of 1.01.

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.