TT International Asset Management LTD bought a new position in Dynatrace, Inc. (NYSE:DT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 49,038 shares of the company’s stock, valued at approximately $2,376,000. Dynatrace makes up 0.3% of TT International Asset Management LTD’s portfolio, making the stock its 24th largest holding.
A number of other institutional investors have also added to or reduced their stakes in DT. Corient Private Wealth LLC lifted its stake in Dynatrace by 36.7% during the second quarter. Corient Private Wealth LLC now owns 10,712 shares of the company’s stock worth $591,000 after purchasing an additional 2,878 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Dynatrace by 5.2% during the 2nd quarter. Osaic Holdings Inc. now owns 43,055 shares of the company’s stock valued at $2,340,000 after purchasing an additional 2,113 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Dynatrace by 37.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,752 shares of the company’s stock valued at $925,000 after buying an additional 4,536 shares in the last quarter. Munro Partners bought a new stake in Dynatrace in the 2nd quarter worth approximately $3,157,000. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in Dynatrace in the 2nd quarter worth approximately $964,000. Institutional investors own 94.28% of the company’s stock.
Dynatrace Price Performance
Shares of NYSE DT opened at $44.35 on Tuesday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The stock has a market capitalization of $13.37 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.87. The company’s 50-day moving average is $46.93 and its 200 day moving average is $49.94.
Analyst Upgrades and Downgrades
A number of brokerages have commented on DT. UBS Group set a $51.00 price target on shares of Dynatrace in a research report on Thursday, November 6th. Citigroup cut their price objective on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Oppenheimer began coverage on shares of Dynatrace in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dynatrace in a research note on Monday, December 8th. Finally, Truist Financial cut their price target on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.59.
Check Out Our Latest Research Report on DT
Insider Buying and Selling
In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the transaction, the chief accounting officer directly owned 23,380 shares of the company’s stock, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total transaction of $1,398,300.00. Following the completion of the transaction, the chief executive officer owned 108,125 shares of the company’s stock, valued at approximately $5,039,706.25. The trade was a 21.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,346 shares of company stock worth $2,221,574 in the last quarter. Corporate insiders own 0.57% 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.
Further Reading
- Five stocks we like better than Dynatrace
- Should You Invest in Penny Stocks?
- Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Pfizer Adds to Its Big Bet on Weight Loss Drugs
- What Does Downgrade Mean in Investing?
- ServiceNow’s $7 Billion Gamble: Panic or Opportunity?
Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT – Free Report).
Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.
