Sora Investors LLC Purchases Shares of 158,431 Dynatrace, Inc. (NYSE:DT)

Sora Investors LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 158,431 shares of the company's stock, valued at approximately $8,471,000. Dynatrace comprises about 1.5% of Sora Investors LLC's holdings, making the stock its 27th biggest position. Sora Investors LLC owned approximately 0.05% of Dynatrace as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Dynatrace in the 2nd quarter valued at $32,000. 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. raised its holdings in Dynatrace by 292.3% during 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 during the last quarter. Finally, Paladin Wealth LLC bought a new position in shares of Dynatrace in the third quarter valued at $38,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Stock Up 0.1 %

Dynatrace stock traded up $0.07 during mid-day trading on Friday, hitting $58.70. The company had a trading volume of 897,430 shares, compared to its average volume of 3,360,819. The business has a fifty day moving average of $54.27 and a 200 day moving average of $49.46. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 106.67, a PEG ratio of 8.37 and a beta of 1.01. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

Wall Street Analyst Weigh In

DT has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. BMO Capital Markets upped their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Rosenblatt Securities reiterated a "buy" rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Scotiabank upped their price target on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. Finally, BTIG Research upped their target price 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. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.48.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

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.