State Street Corp Grows Holdings in Dynatrace, Inc. (NYSE:DT)

State Street Corp increased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,468,594 shares of the company's stock after acquiring an additional 1,207,621 shares during the quarter. State Street Corp owned approximately 3.17% of Dynatrace worth $506,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its stake in Dynatrace by 15.7% during the 3rd quarter. Stifel Financial Corp now owns 16,014 shares of the company's stock valued at $856,000 after acquiring an additional 2,177 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Dynatrace during the third quarter worth $1,038,000. Quantinno Capital Management LP lifted its position in Dynatrace by 322.2% during the third quarter. Quantinno Capital Management LP now owns 147,748 shares of the company's stock valued at $7,900,000 after purchasing an additional 112,756 shares during the period. Investment Management Corp of Ontario lifted its position in Dynatrace by 58.6% during the third quarter. Investment Management Corp of Ontario now owns 9,474 shares of the company's stock valued at $507,000 after purchasing an additional 3,500 shares during the period. Finally, HighTower Advisors LLC grew its position in Dynatrace by 8.9% during the 3rd quarter. HighTower Advisors LLC now owns 26,101 shares of the company's stock worth $1,398,000 after purchasing an additional 2,129 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was 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 $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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 currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DT. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, November 8th. BMO Capital Markets lifted 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. Barclays raised their target price on Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday. BNP Paribas began coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a "neutral" rating and a $52.00 target price on the stock. Finally, Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 target price for the company. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.48.

Dynatrace Stock Performance

DT stock traded down $0.89 during trading on Monday, hitting $57.42. The stock had a trading volume of 2,096,249 shares, compared to its average volume of 3,363,588. The company's 50 day moving average price is $54.37 and its two-hundred day moving average price is $49.55. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 104.40, a price-to-earnings-growth ratio of 8.52 and a beta of 1.01. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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.