Fred Alger Management LLC Buys 880 Shares of Dynatrace, Inc. (NYSE:DT)

Fred Alger Management LLC lifted its position in Dynatrace, Inc. (NYSE:DT) by 99.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,761 shares of the company’s stock after purchasing an additional 880 shares during the quarter. Fred Alger Management LLC’s holdings in Dynatrace were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the 2nd quarter worth about $26,000. V Square Quantitative Management LLC bought a new position in shares of Dynatrace during the 2nd quarter valued at about $32,000. Riverview Trust Co raised its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DT. Scotiabank raised their price objective on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Barclays upgraded Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Loop Capital lifted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $61.36.

Dynatrace Stock Up 1.3 %

Shares of DT opened at $56.19 on Monday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The stock has a market cap of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06. The business’s 50 day moving average price is $53.82 and its 200-day moving average price is $49.20.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were 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 approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is currently owned by corporate insiders.

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.