Eventide Asset Management LLC Acquires New Position in Dynatrace, Inc. (NYSE:DT)

Eventide Asset Management LLC bought a new position in Dynatrace, Inc. (NYSE:DT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 35,245 shares of the company’s stock, valued at approximately $1,885,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Dynatrace during the second quarter worth approximately $26,000. Versant Capital Management Inc increased its stake 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 worth $26,000 after acquiring an additional 572 shares during the last quarter. Riverview Trust Co raised its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. grew its holdings in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. UBS Group started coverage on shares of Dynatrace in a research report on Wednesday. They set a “neutral” rating and a $58.00 price target on the stock. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Loop Capital lifted their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.36.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This trade 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 this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value 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 represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

Dynatrace Price Performance

DT opened at $56.20 on Friday. The business has a fifty day moving average price of $53.82 and a 200 day moving average price of $49.17. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 102.18, a PEG ratio of 8.11 and a beta of 1.06.

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.