Quadrature Capital Ltd bought a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,421 shares of the company's stock, valued at approximately $1,038,000.
Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock valued at $299,827,000 after acquiring an additional 782,588 shares during the last quarter. RGM Capital LLC raised its position in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company's stock valued at $232,210,000 after purchasing an additional 494,028 shares during the last quarter. Eminence Capital LP acquired a new stake in shares of Dynatrace during the second quarter valued at about $158,369,000. Westfield Capital Management Co. LP grew its holdings in shares of 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. increased its stake in shares of Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company's stock valued at $133,753,000 after buying an additional 482,017 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.
NYSE DT opened at $58.31 on Friday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The business has a 50 day moving average price of $54.37 and a 200-day moving average price of $49.54. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 106.02, a P/E/G ratio of 8.71 and a beta of 1.01.
A number of equities research analysts have weighed in on the stock. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an "outperform" rating and a $67.00 target price on the stock. Scotiabank boosted their price objective 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. UBS Group began coverage on Dynatrace in a report on Wednesday, November 27th. They issued a "neutral" rating and a $58.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Finally, BTIG Research increased their price target on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.48.
View Our Latest Research Report on DT
In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This trade represents 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 105,000 shares of company stock worth $5,741,500. 0.59% of the stock is owned by corporate insiders.
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.
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