Sora Investors LLC Buys New Stake in Dynatrace, Inc. (NYSE:DT)

Sora Investors LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 158,431 shares of the company’s stock, valued at approximately $8,471,000. Dynatrace accounts for approximately 1.5% of Sora Investors LLC’s investment portfolio, making the stock its 27th largest holding. Sora Investors LLC owned about 0.05% of Dynatrace as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Eminence Capital LP bought a new position in Dynatrace during the 2nd quarter valued at about $158,369,000. Holocene Advisors LP acquired a new position in shares of Dynatrace in the 3rd quarter worth approximately $126,592,000. Assenagon Asset Management S.A. grew its position in 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 worth $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. State Street Corp increased its holdings in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

NYSE DT opened at $58.64 on Friday. The stock’s 50-day moving average is $54.27 and its 200-day moving average is $49.46. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The firm has a market cap of $17.50 billion, a P/E ratio of 106.62, a P/E/G ratio of 8.37 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DT shares. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BTIG Research increased their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim boosted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. BNP Paribas assumed coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, UBS Group began coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

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.