Synovus Financial Corp Has $3.43 Million Position in Dynatrace, Inc. (NYSE:DT)

Synovus Financial Corp raised its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,093 shares of the company's stock after purchasing an additional 13,957 shares during the quarter. Synovus Financial Corp's holdings in Dynatrace were worth $3,427,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DT. Eminence Capital LP bought a new stake in Dynatrace during the second quarter worth $158,369,000. Holocene Advisors LP bought a new stake in Dynatrace during the third quarter valued at $126,592,000. State Street Corp raised its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after purchasing an additional 981,964 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

DT has been the topic of several recent research reports. BTIG Research raised their price target on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They set an "outperform" rating and a $67.00 target price for the company. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $61.88.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction that occurred on Friday, October 11th. The stock was 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 approximately $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction 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 approximately $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,027 shares of company stock valued at $5,743,084. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Down 3.6 %

Shares of NYSE DT traded down $2.01 during mid-day trading on Friday, hitting $54.41. 3,877,830 shares of the company traded hands, compared to its average volume of 3,368,067. 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 $16.24 billion, a price-to-earnings ratio of 98.93, a PEG ratio of 8.20 and a beta of 1.01. The business has a 50 day moving average of $54.71 and a two-hundred day moving average of $49.86.

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.