Glenmede Trust Co. NA Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Glenmede Trust Co. NA raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,885 shares of the company’s stock after buying an additional 33,013 shares during the quarter. Glenmede Trust Co. NA owned about 0.30% of Dynatrace worth $47,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Eminence Capital LP bought a new position in shares of Dynatrace during the 2nd quarter valued at about $158,369,000. Assenagon Asset Management S.A. lifted its position in shares of Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Marshall Wace LLP boosted its stake in Dynatrace by 285.7% during the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after buying an additional 1,029,387 shares during the last quarter. Dorsal Capital Management LP grew its holdings in Dynatrace by 118.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after buying an additional 950,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Dynatrace by 70.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,934,499 shares of the company’s stock worth $86,549,000 after acquiring an additional 801,718 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was 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 owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DT. BMO Capital Markets increased their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. BNP Paribas assumed coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. UBS Group started coverage on Dynatrace in a research report on Wednesday. They set a “neutral” rating and a $58.00 price objective on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.36.

Dynatrace Trading Up 0.5 %

Shares of Dynatrace stock opened at $55.63 on Wednesday. The stock’s fifty day moving average price is $53.59 and its 200-day moving average price is $49.01. The firm has a market cap of $16.60 billion, a P/E ratio of 101.14, a P/E/G ratio of 8.09 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

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.