Swedbank AB Buys 12,200 Shares of Dynatrace, Inc. (NYSE:DT)

Swedbank AB raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,862 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. Swedbank AB’s holdings in Dynatrace were worth $4,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares during the period. RGM Capital LLC grew its position in shares of Dynatrace by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock worth $172,194,000 after buying an additional 225,000 shares during the period. Eminence Capital LP bought a new position in shares of Dynatrace in the 2nd quarter worth about $158,369,000. Congress Asset Management Co. lifted its position in Dynatrace by 23.9% during the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after acquiring an additional 482,017 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Dynatrace by 32.5% during the third quarter. Handelsbanken Fonder AB now owns 2,319,000 shares of the company’s stock worth $123,997,000 after acquiring an additional 569,000 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other Dynatrace news, 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 completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE DT opened at $55.46 on Thursday. The stock has a market cap of $16.55 billion, a PE ratio of 100.84, a price-to-earnings-growth ratio of 8.09 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 firm has a fifty day moving average price of $53.66 and a 200-day moving average price of $49.06.

Analyst Ratings Changes

Several research firms have recently issued reports on DT. UBS Group started coverage on shares of Dynatrace in a report on Wednesday. They set a “neutral” rating and a $58.00 target price for the company. Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, Guggenheim raised their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target 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.