True Vision MN LLC Buys New Stake in Dynatrace, Inc. (NYSE:DT)

True Vision MN LLC bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,057 shares of the company’s stock, valued at approximately $431,000.

A number of other hedge funds also recently bought and sold shares of DT. Versant Capital Management Inc boosted its position in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the 2nd quarter valued at $26,000. V Square Quantitative Management LLC bought a new stake in Dynatrace in the 2nd quarter valued at $32,000. Riverview Trust Co grew its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DT shares. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. UBS Group began coverage on Dynatrace in a research report on Wednesday. They issued a “neutral” rating and a $58.00 target price for the company. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company dropped their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.36.

Dynatrace Price Performance

Shares of NYSE DT traded up $0.16 during midday trading on Wednesday, reaching $55.78. 46,762 shares of the stock were exchanged, compared to its average volume of 3,372,043. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 101.14, a P/E/G ratio of 8.09 and a beta of 1.06. The business has a 50-day simple moving average of $53.59 and a two-hundred day simple moving average of $49.01.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by company 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.