Caxton Associates LP purchased a new position in Dynatrace, Inc. (NYSE:DT – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $1,393,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new position in Dynatrace in the 1st quarter worth approximately $581,000. Public Employees Retirement System of Ohio increased its holdings in Dynatrace by 44.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 145,048 shares of the company’s stock worth $6,736,000 after buying an additional 44,337 shares during the period. Magnetar Financial LLC purchased a new stake in Dynatrace in the 1st quarter worth approximately $4,438,000. Lazard Asset Management LLC boosted its position in Dynatrace by 23.0% in the 1st quarter. Lazard Asset Management LLC now owns 81,134 shares of the company’s stock worth $3,767,000 after purchasing an additional 15,191 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in Dynatrace by 102.2% in the 1st quarter. Quadrature Capital Ltd now owns 80,995 shares of the company’s stock worth $3,758,000 after purchasing an additional 40,944 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Price Performance
NYSE DT traded up $0.01 during mid-day trading on Tuesday, hitting $44.43. The stock had a trading volume of 683,716 shares, compared to its average volume of 3,522,467. The firm’s 50 day moving average is $45.03 and its 200 day moving average is $48.06. Dynatrace, Inc. has a twelve month low of $42.31 and a twelve month high of $61.41. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 85.42, a PEG ratio of 6.68 and a beta of 1.04.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Royal Bank of Canada lowered their price objective on Dynatrace from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. TD Cowen lowered their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Bank of America lowered their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, BMO Capital Markets lowered their price objective on Dynatrace from $54.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.56.
Get Our Latest Stock Analysis on Dynatrace
Insiders Place Their Bets
In other Dynatrace news, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at approximately $11,828,382.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $46.72, for a total value of $881,606.40. Following the sale, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock valued at $3,883,271 in the last three months. 0.54% of the stock is currently owned by insiders.
Dynatrace Profile
Dynatrace, Inc provides a security platform for multicloud environments. It 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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