Avala Global LP Raises Stake in Dynatrace, Inc. (NYSE:DT)

Avala Global LP grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 29.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,313,227 shares of the company’s stock after purchasing an additional 301,027 shares during the quarter. Dynatrace accounts for 4.6% of Avala Global LP’s holdings, making the stock its 5th largest holding. Avala Global LP’s holdings in Dynatrace were worth $70,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace during the second quarter worth $26,000. V Square Quantitative Management LLC bought a new position in shares of Dynatrace in the second quarter worth $32,000. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT opened at $56.19 on Monday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a 50 day simple moving average of $53.82 and a two-hundred day simple moving average of $49.20. The firm has a market cap of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06.

Insider Transactions at Dynatrace

In related news, 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 transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on DT shares. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, BNP Paribas began coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.