Janus Henderson Group PLC Has $474.16 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Janus Henderson Group PLC cut its stake in shares of Dynatrace, Inc. (NYSE:DT) by 0.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,867,749 shares of the company’s stock after selling 6,578 shares during the quarter. Janus Henderson Group PLC’s holdings in Dynatrace were worth $474,159,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Eminence Capital LP bought a new position in Dynatrace in the 2nd quarter valued at $158,369,000. Holocene Advisors LP purchased a new stake in shares of Dynatrace in the third quarter worth $126,592,000. Assenagon Asset Management S.A. boosted its position in shares of Dynatrace by 1,146.0% during the second 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. Marshall Wace LLP lifted its holdings in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after acquiring an additional 1,029,387 shares during the last quarter. Finally, Dorsal Capital Management LP increased its position in Dynatrace by 118.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after purchasing an additional 950,000 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were 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 $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock valued at $3,397,904 in the last 90 days. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group initiated coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Loop Capital upped their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Scotiabank increased their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. 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, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $61.36.

Dynatrace Trading Up 0.4 %

DT opened at $56.41 on Tuesday. The firm’s 50 day simple moving average is $53.82 and its two-hundred day simple moving average is $49.20. The company has a market capitalization of $16.84 billion, a PE ratio of 102.56, a PEG ratio of 8.21 and a beta of 1.01. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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.