GSA Capital Partners LLP Has $379,000 Position in Dynatrace, Inc. (NYSE:DT)

GSA Capital Partners LLP trimmed its position in Dynatrace, Inc. (NYSE:DT) by 41.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,092 shares of the company’s stock after selling 5,063 shares during the period. GSA Capital Partners LLP’s holdings in Dynatrace were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DT. Cullen Frost Bankers Inc. acquired a new position in Dynatrace in the second quarter valued at about $26,000. Versant Capital Management Inc grew its position in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace during the 3rd quarter worth approximately $38,000. Finally, UMB Bank n.a. raised its holdings in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $52.55 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 95.55, a P/E/G ratio of 7.54 and a beta of 1.06. The business has a fifty day simple moving average of $53.34 and a two-hundred day simple moving average of $48.79.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DT shares. Guggenheim increased their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Scotiabank boosted their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

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.