Barclays PLC Buys 981,964 Shares of Dynatrace, Inc. (NYSE:DT)

Barclays PLC raised its stake in Dynatrace, Inc. (NYSE:DT) by 85.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,133,462 shares of the company’s stock after acquiring an additional 981,964 shares during the period. Barclays PLC owned approximately 0.71% of Dynatrace worth $114,076,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares in the last quarter. American Century Companies Inc. raised its position in shares of Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares in the last quarter. RGM Capital LLC lifted its holdings in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares during the period. Eminence Capital LP acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $158,369,000. Finally, Westfield Capital Management Co. LP boosted its position in shares of Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after acquiring an additional 648,808 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Down 0.8 %

Shares of DT opened at $56.95 on Wednesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The firm’s fifty day simple moving average is $54.45 and its two-hundred day simple moving average is $49.62. The stock has a market capitalization of $17.00 billion, a P/E ratio of 105.27, a price-to-earnings-growth ratio of 8.52 and a beta of 1.01.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents 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 accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace 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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,027 shares of company stock worth $5,743,084. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DT. BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research increased their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Scotiabank lifted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $61.48.

Dynatrace 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.