Dynatrace, Inc. (NYSE:DT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 15.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,014 shares of the company’s stock after acquiring an additional 2,177 shares during the quarter. Stifel Financial Corp’s holdings in Dynatrace were worth $856,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DT. American Century Companies Inc. increased its holdings in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares during the last quarter. RGM Capital LLC boosted its position in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Eminence Capital LP purchased a new position in shares of Dynatrace in the 2nd quarter valued at about $158,369,000. Westfield Capital Management Co. LP lifted its stake in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in Dynatrace by 23.9% during the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after purchasing an additional 482,017 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DT shares. BTIG Research boosted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays boosted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, BNP Paribas started coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.88.

Dynatrace Stock Up 1.3 %

Shares of NYSE:DT opened at $55.07 on Wednesday. The business has a fifty day simple moving average of $54.74 and a 200-day simple moving average of $50.24. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market cap of $16.44 billion, a P/E ratio of 100.13, a P/E/G ratio of 8.20 and a beta of 1.01.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,027 shares of company stock worth $3,168,084 in the last 90 days. 0.59% of the stock is owned by company insiders.

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.