Dynatrace, Inc. (NYSE:DT) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,341 shares of the company’s stock after acquiring an additional 28,258 shares during the period. MetLife Investment Management LLC owned 0.06% of Dynatrace worth $8,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DT. Silvercrest Asset Management Group LLC boosted its holdings in shares of Dynatrace by 35.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 14,419 shares of the company’s stock worth $670,000 after purchasing an additional 3,752 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Dynatrace in the 1st quarter valued at about $1,489,000. California State Teachers Retirement System increased its stake in shares of Dynatrace by 7.3% during the 1st quarter. California State Teachers Retirement System now owns 394,253 shares of the company’s stock valued at $18,309,000 after acquiring an additional 26,910 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Dynatrace by 47.2% during the 1st quarter. Tidal Investments LLC now owns 28,286 shares of the company’s stock worth $1,314,000 after acquiring an additional 9,067 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Dynatrace in the first quarter worth approximately $600,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DT shares. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Scotiabank increased their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. BNP Paribas started coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Jefferies Financial Group increased their price objective 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. 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 currently has an average rating of “Moderate Buy” and an average target price of $61.36.

Dynatrace Trading Down 0.3 %

DT opened at $55.46 on Friday. The stock’s fifty day simple moving average is $53.72 and its 200 day simple moving average is $49.10. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. 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.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was 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 in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace 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 transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 in the last ninety days. 0.59% of the stock is owned by company insiders.

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.