Renaissance Group LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 597,629 shares of the company’s stock, valued at approximately $32,995,000. Renaissance Group LLC owned 0.20% of Dynatrace at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new position in Dynatrace in the 1st quarter worth $327,000. Charles Schwab Investment Management Inc. raised its holdings in Dynatrace by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,218,892 shares of the company’s stock valued at $104,621,000 after acquiring an additional 166,648 shares during the period. Hsbc Holdings PLC lifted its position in shares of Dynatrace by 2.4% in the first quarter. Hsbc Holdings PLC now owns 329,615 shares of the company’s stock valued at $15,516,000 after acquiring an additional 7,584 shares in the last quarter. Walter Public Investments Inc. boosted its stake in shares of Dynatrace by 12.4% in the second quarter. Walter Public Investments Inc. now owns 323,956 shares of the company’s stock worth $17,886,000 after acquiring an additional 35,625 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Dynatrace by 29.3% in the first quarter. HighTower Advisors LLC now owns 33,558 shares of the company’s stock worth $1,582,000 after acquiring an additional 7,606 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Dynatrace Trading Up 2.8%
Shares of NYSE DT opened at $46.41 on Wednesday. The firm’s 50-day moving average price is $48.45 and its 200-day moving average price is $50.89. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 3.59 and a beta of 0.85. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.
Insider Buying and Selling
In related news, EVP Dan Zugelder sold 7,503 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the sale, the executive vice president directly owned 1,420 shares in the company, valued at $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $46.69, for a total transaction of $93,380.00. Following the transaction, the chief accounting officer owned 23,380 shares in the company, valued at $1,091,612.20. This trade represents a 7.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 42,602 shares of company stock worth $2,021,259. 0.57% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
DT has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dynatrace in a report on Monday. Wall Street Zen cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Rosenblatt Securities reissued a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, November 6th. Royal Bank Of Canada lifted their target price on Dynatrace from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Guggenheim increased their price target on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.27.
Read Our Latest Analysis on DT
About Dynatrace
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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