Dynatrace, Inc. (NYSE:DT) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 6.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 840,801 shares of the company's stock after purchasing an additional 52,000 shares during the period. Swiss National Bank owned 0.28% of Dynatrace worth $44,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of Dynatrace by 38.4% during the third quarter. Thrivent Financial for Lutherans now owns 381,947 shares of the company's stock valued at $20,422,000 after acquiring an additional 105,906 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Dynatrace by 16.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 161,001 shares of the company's stock worth $8,609,000 after purchasing an additional 23,280 shares during the period. Natixis Advisors LLC grew its position in Dynatrace by 2.6% in the 3rd quarter. Natixis Advisors LLC now owns 184,123 shares of the company's stock worth $9,845,000 after purchasing an additional 4,678 shares during the period. Seelaus Asset Management LLC bought a new stake in Dynatrace in the 3rd quarter worth approximately $232,000. Finally, CIBC Asset Management Inc grew its position in Dynatrace by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 10,474 shares of the company's stock worth $560,000 after purchasing an additional 544 shares during the period. Institutional investors own 94.28% of the company's stock.

Dynatrace Trading Down 0.9 %

Shares of NYSE DT opened at $51.09 on Thursday. The firm's 50-day moving average price is $53.30 and its 200-day moving average price is $48.77. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 92.89, a P/E/G ratio of 7.34 and a beta of 1.06. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Insider Activity

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BNP Paribas assumed coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price for the company. 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. BTIG Research lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Guggenheim lifted their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.50.

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.