Otter Creek Advisors LLC Has $5.27 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Otter Creek Advisors LLC increased its holdings in Dynatrace, Inc. (NYSE:DT) by 172.5% in the 3rd quarter, Holdings Channel reports. The fund owned 98,533 shares of the company’s stock after purchasing an additional 62,371 shares during the period. Dynatrace makes up about 3.4% of Otter Creek Advisors LLC’s portfolio, making the stock its 13th biggest position. Otter Creek Advisors LLC’s holdings in Dynatrace were worth $5,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Diversify Advisory Services LLC acquired a new position in Dynatrace in the 2nd quarter worth about $1,295,000. Assenagon Asset Management S.A. increased its holdings in shares of Dynatrace by 1,146.0% during the 2nd 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 during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after acquiring an additional 9,444 shares during the last quarter. Walter Public Investments Inc. increased its holdings in shares of Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock valued at $14,321,000 after acquiring an additional 35,626 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of Dynatrace by 102.2% during the 1st quarter. Quadrature Capital Ltd now owns 80,995 shares of the company’s stock valued at $3,758,000 after acquiring an additional 40,944 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Dynatrace stock opened at $52.55 on Friday. The company has a market capitalization of $15.69 billion, a PE ratio of 95.55, a price-to-earnings-growth ratio of 7.54 and a beta of 1.06. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The business has a 50 day simple moving average of $53.34 and a 200 day simple moving average of $48.79.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DT. JPMorgan Chase & Co. increased their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $64.00 in a report on Monday, October 7th. Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Five analysts have rated the stock with a hold rating and nineteen have given 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.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 11,022 shares of Dynatrace 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 completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 in the last 90 days. 0.59% of the stock is owned by company insiders.

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.