Glenmede Trust Co. NA Grows Stake in Dynatrace, Inc. (NYSE:DT)

Glenmede Trust Co. NA grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 883,885 shares of the company’s stock after purchasing an additional 33,013 shares during the quarter. Glenmede Trust Co. NA’s holdings in Dynatrace were worth $47,261,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DT. Diversify Advisory Services LLC purchased a new stake in Dynatrace in the second quarter valued at about $1,295,000. Assenagon Asset Management S.A. boosted its stake in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after purchasing an additional 2,030,915 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares during the last quarter. Walter Public Investments Inc. increased its stake in Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock valued at $14,321,000 after purchasing an additional 35,626 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Dynatrace by 6.6% in the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after buying an additional 52,000 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s 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 sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly 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. Over the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by insiders.

Dynatrace Stock Up 0.5 %

Shares of DT opened at $55.63 on Wednesday. The firm’s fifty day moving average is $53.59 and its two-hundred day moving average is $49.01. The stock has a market cap of $16.60 billion, a PE ratio of 101.14, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price for the company. Jefferies Financial Group raised their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wedbush initiated coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

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.