Captrust Financial Advisors Purchases New Shares in Dynatrace, Inc. (NYSE:DT)

Captrust Financial Advisors purchased a new position in Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,121 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors have also added to or reduced their stakes in DT. Hantz Financial Services Inc. grew its stake in shares of Dynatrace by 14.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 197,031 shares of the company’s stock worth $10,535,000 after buying an additional 25,159 shares during the last quarter. Cota Capital Management LLC grew its stake in shares of Dynatrace by 31.5% in the third quarter. Cota Capital Management LLC now owns 101,936 shares of the company’s stock worth $5,451,000 after acquiring an additional 24,437 shares during the last quarter. True Vision MN LLC bought a new position in shares of Dynatrace during the third quarter valued at $431,000. RGM Capital LLC increased its holdings in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Dynatrace by 20.3% in the 3rd quarter. MetLife Investment Management LLC now owns 167,341 shares of the company’s stock worth $8,948,000 after purchasing an additional 28,258 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BNP Paribas initiated coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,027 shares of company stock worth $5,743,084 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT opened at $54.41 on Friday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The firm’s fifty day moving average is $54.71 and its 200 day moving average is $49.86.

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.