Mutual of America Capital Management LLC Buys 23,280 Shares of Dynatrace, Inc. (NYSE:DT)

Mutual of America Capital Management LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,001 shares of the company’s stock after acquiring an additional 23,280 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Dynatrace worth $8,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in Dynatrace during the second quarter worth about $26,000. Versant Capital Management Inc raised its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares in the last quarter. Riverview Trust Co raised its stake in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace in the third quarter valued at approximately $38,000. Finally, UMB Bank n.a. raised its stake in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $52.43 on Tuesday. The company has a market capitalization of $15.65 billion, a P/E ratio of 95.33, a P/E/G ratio of 7.34 and a beta of 1.06. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The business’s 50 day simple moving average is $53.28 and its 200 day simple moving average is $48.71.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents a 7.14 % decrease in their position. 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DT. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Scotiabank upped 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. Wells Fargo & Company dropped their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the company 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 note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.