Truvestments Capital LLC Takes $134,000 Position in Dynatrace, Inc. (NYSE:DT)

Truvestments Capital LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,507 shares of the company’s stock, valued at approximately $134,000.

A number of other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC increased its holdings in shares of Dynatrace by 23.0% in the first quarter. Lazard Asset Management LLC now owns 81,134 shares of the company’s stock valued at $3,767,000 after purchasing an additional 15,191 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Dynatrace by 44.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 145,048 shares of the company’s stock valued at $6,736,000 after acquiring an additional 44,337 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Dynatrace by 35.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 14,419 shares of the company’s stock valued at $670,000 after acquiring an additional 3,752 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Dynatrace during the first quarter worth approximately $1,489,000. Finally, California State Teachers Retirement System grew its position in shares of Dynatrace by 7.3% in the first quarter. California State Teachers Retirement System now owns 394,253 shares of the company’s stock valued at $18,309,000 after purchasing an additional 26,910 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BNP Paribas started coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. BTIG Research boosted their target price 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. JPMorgan Chase & Co. raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank boosted their price objective 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, Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last quarter. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Up 0.5 %

Shares of Dynatrace stock opened at $55.63 on Wednesday. The firm’s 50 day moving average is $53.59 and its 200 day moving average is $49.01. The firm has a market capitalization of $16.60 billion, a PE ratio of 101.14, a price-to-earnings-growth ratio of 8.11 and a beta of 1.06. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

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.