Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 7.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 77,031 shares of the company’s stock after acquiring an additional 5,474 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dynatrace were worth $4,253,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC lifted its position in Dynatrace by 4.6% during the 2nd quarter. Quent Capital LLC now owns 4,288 shares of the company’s stock worth $237,000 after acquiring an additional 190 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company’s stock valued at $1,686,000 after purchasing an additional 249 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Dynatrace by 15.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company’s stock worth $103,000 after purchasing an additional 249 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company’s stock worth $272,000 after purchasing an additional 253 shares during the last quarter. Finally, L. Roy Papp & Associates LLP lifted its holdings in shares of Dynatrace by 2.3% during the second quarter. L. Roy Papp & Associates LLP now owns 12,535 shares of the company’s stock worth $692,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Trading Up 2.8%
Shares of Dynatrace stock opened at $46.41 on Wednesday. The company has a 50-day moving average of $48.45 and a two-hundred day moving average of $50.89. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market cap of $13.99 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 3.59 and a beta of 0.85.
Insider Transactions at Dynatrace
In other news, CEO Rick M. Mcconnell sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $46.61, for a total value of $1,398,300.00. Following the completion of the transaction, the chief executive officer owned 108,125 shares in the company, valued at $5,039,706.25. This trade represents a 21.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction on Monday, November 17th. The stock was sold at an average price of $46.69, for a total value of $93,380.00. Following the transaction, the chief accounting officer directly owned 23,380 shares of the company’s stock, valued at $1,091,612.20. This trade represents a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,602 shares of company stock worth $2,021,259 over the last ninety days. 0.57% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several brokerages have issued reports on DT. Scotiabank dropped their price objective on shares of Dynatrace from $67.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Cantor Fitzgerald dropped their price target on shares of Dynatrace from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Cowen reiterated a “buy” rating on shares of Dynatrace in a research report on Monday. Finally, Guggenheim increased their target price on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.27.
Get Our Latest Stock Analysis on Dynatrace
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.
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