Investment Management Corp of Ontario Purchases 3,500 Shares of Dynatrace, Inc. (NYSE:DT)

Investment Management Corp of Ontario grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 58.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,474 shares of the company’s stock after buying an additional 3,500 shares during the quarter. Investment Management Corp of Ontario’s holdings in Dynatrace were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Eminence Capital LP acquired a new position in shares of Dynatrace in the 2nd quarter worth approximately $158,369,000. Holocene Advisors LP acquired a new position in Dynatrace in the third quarter worth $126,592,000. Assenagon Asset Management S.A. boosted its stake in Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after purchasing an additional 2,030,915 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Dynatrace by 285.7% during the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Finally, Dorsal Capital Management LP increased its stake in shares of Dynatrace by 118.8% in the second quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after buying an additional 950,000 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DT. Scotiabank upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target for the company. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Jefferies Financial Group lifted their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.48.

Insider Activity

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 transaction 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 $33,505,230.50. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock valued at $5,741,500 in the last quarter. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $58.31 on Friday. The company has a 50 day moving average price of $54.37 and a two-hundred day moving average price of $49.54. The company has a market capitalization of $17.40 billion, a PE ratio of 106.02, a PEG ratio of 8.71 and a beta of 1.01. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41.

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.