Atria Investments Inc Purchases 240 Shares of Dynatrace, Inc. (NYSE:DT)

Atria Investments Inc lifted its position in Dynatrace, Inc. (NYSE:DT) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,201 shares of the company’s stock after acquiring an additional 240 shares during the quarter. Atria Investments Inc’s holdings in Dynatrace were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DT. Janus Henderson Group PLC grew its position in Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after buying an additional 583,220 shares during the period. American Century Companies Inc. lifted its holdings in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after purchasing an additional 782,588 shares during the last quarter. RGM Capital LLC lifted its holdings in Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after purchasing an additional 225,000 shares during the last quarter. Eminence Capital LP purchased a new stake in Dynatrace during the second quarter valued at about $158,369,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Dynatrace during the first quarter valued at about $133,701,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of several recent research reports. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Guggenheim upped their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insider Buying and Selling at Dynatrace

In related 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 $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction 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. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last ninety days. Insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE DT opened at $52.55 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm’s 50 day simple moving average is $53.34 and its two-hundred day simple moving average is $48.79. The stock has a market capitalization of $15.69 billion, a P/E ratio of 95.55, a PEG ratio of 7.54 and a beta of 1.06.

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.