Quantinno Capital Management LP Increases Position in Dynatrace, Inc. (NYSE:DT)

Quantinno Capital Management LP increased its position in shares of Dynatrace, Inc. (NYSE:DT) by 322.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,748 shares of the company’s stock after purchasing an additional 112,756 shares during the period. Quantinno Capital Management LP’s holdings in Dynatrace were worth $7,900,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Dynatrace during the second quarter worth about $26,000. Riverview Trust Co raised its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares in the last quarter. Paladin Wealth LLC acquired a new position in Dynatrace during the third quarter worth about $38,000. UMB Bank n.a. grew its position in Dynatrace by 292.3% during 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 during the period. Finally, V Square Quantitative Management LLC acquired a new position in Dynatrace during the second quarter worth about $32,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DT has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s 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. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 1.6 %

NYSE:DT opened at $58.64 on Friday. The firm’s 50 day moving average is $54.27 and its two-hundred day moving average is $49.46. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market cap of $17.50 billion, a P/E ratio of 106.62, a P/E/G ratio of 8.37 and a beta of 1.01.

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.