Victory Capital Management Inc. Acquires 33,038 Shares of Dynatrace, Inc. (NYSE:DT)

Victory Capital Management Inc. grew its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 10.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,229 shares of the company's stock after acquiring an additional 33,038 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Dynatrace worth $18,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DT. Vanguard Group Inc. grew its position in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Dynatrace during the second quarter worth approximately $1,295,000. Assenagon Asset Management S.A. increased its position in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. increased its position in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company's stock valued at $1,406,000 after acquiring an additional 9,444 shares during the period. Finally, Walter Public Investments Inc. boosted its position in Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock worth $14,321,000 after acquiring an additional 35,626 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company'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 transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Friday, September 6th. The shares were 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 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 have sold 66,022 shares of company stock valued at $3,397,904 over the last three months. 0.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DT has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target for the company. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. BNP Paribas assumed coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price for the company. Finally, Guggenheim boosted their price objective on 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.50.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.86 during trading on Tuesday, hitting $51.57. 3,628,244 shares of the stock traded hands, compared to its average volume of 3,353,027. The stock has a market cap of $15.39 billion, a P/E ratio of 95.33, a PEG ratio of 7.34 and a beta of 1.06. The company has a fifty day moving average price of $53.28 and a two-hundred day moving average price of $48.71. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month 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.