Park Avenue Securities LLC Acquires 5,023 Shares of Dynatrace, Inc. (NYSE:DT)

Park Avenue Securities LLC raised its holdings in Dynatrace, Inc. (NYSE:DT) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,600 shares of the company’s stock after buying an additional 5,023 shares during the quarter. Park Avenue Securities LLC’s holdings in Dynatrace were worth $1,609,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DT. Dimensional Fund Advisors LP grew its holdings in Dynatrace by 68.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,476 shares of the company’s stock worth $51,601,000 after acquiring an additional 467,121 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Dynatrace by 2.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,262 shares of the company’s stock worth $907,000 after acquiring an additional 406 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Dynatrace by 10.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,076 shares of the company’s stock worth $1,122,000 after acquiring an additional 2,389 shares during the last quarter. Intech Investment Management LLC grew its holdings in Dynatrace by 22.7% during the 2nd quarter. Intech Investment Management LLC now owns 40,558 shares of the company’s stock worth $1,815,000 after acquiring an additional 7,495 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Dynatrace by 56.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 20,344 shares of the company’s stock worth $910,000 after acquiring an additional 7,331 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’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 transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Up 0.5 %

Shares of DT stock opened at $51.31 on Friday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02. The business’s fifty day moving average is $54.27 and its 200 day moving average is $51.23. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DT shares. Jefferies Financial Group upped their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group started coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price on the stock. Guggenheim downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, Loop Capital upped their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.92.

Dynatrace 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.