Dynatrace, Inc. (NYSE:DT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,947 shares of the company's stock after acquiring an additional 105,906 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of Dynatrace worth $20,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its stake in Dynatrace by 16.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 161,001 shares of the company's stock valued at $8,609,000 after purchasing an additional 23,280 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Dynatrace by 2.6% in the third quarter. Natixis Advisors LLC now owns 184,123 shares of the company's stock worth $9,845,000 after buying an additional 4,678 shares during the last quarter. Seelaus Asset Management LLC purchased a new stake in Dynatrace in the 3rd quarter worth approximately $232,000. CIBC Asset Management Inc grew its stake in shares of Dynatrace by 5.5% during 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. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Dynatrace by 14.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,816 shares of the company's stock valued at $525,000 after purchasing an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DT. BTIG Research increased 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. Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Loop Capital increased their target price on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a report on Friday, November 8th. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus price target of $61.50.

Dynatrace Price Performance

Shares of DT traded up $0.88 during midday trading on Thursday, reaching $51.97. The stock had a trading volume of 257,495 shares, compared to its average volume of 3,341,333. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 92.89, a PEG ratio of 7.54 and a beta of 1.06. The company's fifty day simple moving average is $53.30 and its two-hundred day simple moving average is $48.77. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last ninety days. Insiders own 0.59% of the company's stock.

Dynatrace 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.