Mutual of America Capital Management LLC Has $8.61 Million Stake in Dynatrace, Inc. (NYSE:DT)

Mutual of America Capital Management LLC lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 16.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 161,001 shares of the company’s stock after purchasing an additional 23,280 shares during the period. Mutual of America Capital Management LLC’s holdings in Dynatrace were worth $8,609,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DT. Versant Capital Management Inc boosted its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the 2nd quarter worth $26,000. V Square Quantitative Management LLC bought a new position in Dynatrace during the 2nd quarter worth $32,000. Riverview Trust Co raised its position in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 in the last three months. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DT shares. Scotiabank raised their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $64.00 in a research report on Monday, October 7th. Finally, Guggenheim lifted their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Dynatrace Price Performance

Shares of DT opened at $52.43 on Tuesday. The stock has a 50-day moving average of $53.28 and a 200-day moving average of $48.71. The company has a market cap of $15.65 billion, a PE ratio of 95.33, a P/E/G ratio of 7.34 and a beta of 1.06. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

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.