Dynatrace, Inc. (NYSE:DT) Holdings Lifted by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in Dynatrace, Inc. (NYSE:DT) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,839 shares of the company’s stock after acquiring an additional 10,460 shares during the period. Townsquare Capital LLC’s holdings in Dynatrace were worth $2,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Investments Inc increased its position in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares in the last quarter. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after acquiring an additional 266 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Dynatrace by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock worth $480,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $56.19 on Friday. The business has a 50 day simple moving average of $53.82 and a 200 day simple moving average of $49.19. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a market capitalization of $16.77 billion, a PE ratio of 102.16, a price-to-earnings-growth ratio of 8.11 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction 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 transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DT. Loop Capital boosted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Scotiabank upped their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $61.36.

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.