Dynatrace, Inc. (NYSE:DT) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 40.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,102 shares of the company's stock after acquiring an additional 67,380 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Dynatrace worth $12,410,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DT. Bank of Montreal Can raised its holdings in Dynatrace by 27.9% in the 3rd quarter. Bank of Montreal Can now owns 910,374 shares of the company's stock worth $48,241,000 after acquiring an additional 198,568 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Dynatrace in the third quarter worth $134,000. Daiwa Securities Group Inc. raised its stake in shares of Dynatrace by 13.7% in the third quarter. Daiwa Securities Group Inc. now owns 26,579 shares of the company's stock worth $1,421,000 after purchasing an additional 3,200 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company's stock valued at $144,571,000 after purchasing an additional 648,808 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Dynatrace by 15.1% during the third quarter. Swedbank AB now owns 92,862 shares of the company's stock valued at $4,965,000 after buying an additional 12,200 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 target price for the company. BTIG Research lifted their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. 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 research report on Tuesday, October 22nd. Wedbush initiated coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 target price on the stock. Finally, BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price target for the company. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $61.36.

Dynatrace Stock Performance

NYSE DT traded up $0.56 on Tuesday, reaching $56.92. 643,839 shares of the stock traded hands, compared to its average volume of 3,361,188. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 102.56, a PEG ratio of 8.21 and a beta of 1.01. The company has a fifty day moving average price of $53.82 and a 200-day moving average price of $49.20.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. 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 company insiders.

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.