Nations Financial Group Inc. IA ADV Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Nations Financial Group Inc. IA ADV raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,980 shares of the company’s stock after acquiring an additional 270 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Dynatrace were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. US Bancorp DE grew its position in shares of Dynatrace by 89.7% in the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after buying an additional 22,928 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Dynatrace by 640.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after acquiring an additional 157,739 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Dynatrace during the second quarter valued at approximately $1,295,000. Finally, Assenagon Asset Management S.A. boosted its stake in 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 valued at $98,792,000 after acquiring an additional 2,030,915 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Up 0.3 %

Shares of DT opened at $53.64 on Thursday. The stock’s 50-day moving average price is $53.03 and its 200-day moving average price is $48.50. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 97.53, a PEG ratio of 7.50 and a beta of 1.06. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DT. BTIG Research upped their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Guggenheim upped their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company decreased their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% of the company’s stock.

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.