HighTower Advisors LLC Buys 2,129 Shares of Dynatrace, Inc. (NYSE:DT)

HighTower Advisors LLC raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 8.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,101 shares of the company’s stock after purchasing an additional 2,129 shares during the quarter. HighTower Advisors LLC’s holdings in Dynatrace were worth $1,398,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new position in Dynatrace during the third quarter worth $126,592,000. Concentric Capital Strategies LP acquired a new stake in Dynatrace during the 3rd quarter worth about $3,336,000. Benjamin Edwards Inc. raised its position in shares of Dynatrace by 4,660.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 25,755 shares of the company’s stock worth $1,377,000 after acquiring an additional 25,214 shares in the last quarter. Atom Investors LP bought a new position in shares of Dynatrace in the 3rd quarter worth about $981,000. Finally, Avala Global LP lifted its stake in shares of Dynatrace by 29.7% in the 3rd quarter. Avala Global LP now owns 1,313,227 shares of the company’s stock valued at $70,218,000 after purchasing an additional 301,027 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $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. In the last 90 days, insiders sold 55,027 shares of company stock worth $3,168,084. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Dynatrace Price Performance

Shares of DT stock opened at $54.41 on Monday. The firm has a 50-day moving average of $54.71 and a 200-day moving average of $49.89. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a market cap of $16.24 billion, a P/E ratio of 98.93, a P/E/G ratio of 8.20 and a beta of 1.01.

Dynatrace Company 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.