18,339 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by Atom Investors LP

Atom Investors LP purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,339 shares of the company’s stock, valued at approximately $981,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avala Global LP increased its position in shares of Dynatrace by 29.7% during the 3rd quarter. Avala Global LP now owns 1,313,227 shares of the company’s stock valued at $70,218,000 after purchasing an additional 301,027 shares during the last quarter. JAT Capital Mgmt LP purchased a new position in shares of Dynatrace in the third quarter valued at $9,357,000. Fred Alger Management LLC grew its holdings in Dynatrace by 99.9% during the 3rd quarter. Fred Alger Management LLC now owns 1,761 shares of the company’s stock valued at $94,000 after buying an additional 880 shares in the last quarter. Eventide Asset Management LLC bought a new stake in Dynatrace during the 3rd quarter worth approximately $1,885,000. Finally, Captrust Financial Advisors bought a new position in shares of Dynatrace in the third quarter worth $327,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $57.28 on Wednesday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The stock has a market cap of $17.10 billion, a PE ratio of 104.15, a price-to-earnings-growth ratio of 8.24 and a beta of 1.01. The business’s fifty day moving average price is $54.00 and its two-hundred day moving average price is $49.32.

Wall Street Analysts Forecast Growth

DT has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Loop Capital raised their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was 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 owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace 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.