RGM Capital LLC Has $232.21 Million Stake in Dynatrace, Inc. (NYSE:DT)

RGM Capital LLC grew its stake in Dynatrace, Inc. (NYSE:DT) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,342,803 shares of the company’s stock after acquiring an additional 494,028 shares during the quarter. Dynatrace accounts for 10.1% of RGM Capital LLC’s portfolio, making the stock its biggest holding. RGM Capital LLC owned about 1.45% of Dynatrace worth $232,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DT. MetLife Investment Management LLC raised its holdings in Dynatrace by 20.3% in the 3rd quarter. MetLife Investment Management LLC now owns 167,341 shares of the company’s stock worth $8,948,000 after acquiring an additional 28,258 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Dynatrace by 3.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 883,885 shares of the company’s stock worth $47,261,000 after purchasing an additional 33,013 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Dynatrace by 26.6% in the third quarter. Townsquare Capital LLC now owns 49,839 shares of the company’s stock worth $2,665,000 after purchasing an additional 10,460 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Dynatrace by 12.2% during the third quarter. D.A. Davidson & CO. now owns 8,924 shares of the company’s stock valued at $477,000 after purchasing an additional 973 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dynatrace by 40.9% during the third quarter. The Manufacturers Life Insurance Company now owns 232,102 shares of the company’s stock valued at $12,410,000 after buying an additional 67,380 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Up 0.3 %

NYSE DT traded up $0.16 during trading on Wednesday, hitting $55.78. 46,762 shares of the stock traded hands, compared to its average volume of 3,372,043. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The firm has a 50-day simple moving average of $53.59 and a 200-day simple moving average of $49.01. The company has a market capitalization of $16.65 billion, a P/E ratio of 101.14, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DT. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Wedbush assumed coverage on shares of Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Finally, BTIG Research raised their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.36.

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.