Swedbank AB Raises Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Swedbank AB lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 15.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,862 shares of the company’s stock after purchasing an additional 12,200 shares during the quarter. Swedbank AB’s holdings in Dynatrace were worth $4,965,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace during the second quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 572 shares during the period. Riverview Trust Co lifted its position in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. Paladin Wealth LLC purchased a new position in Dynatrace during the third quarter worth $38,000. Finally, UMB Bank n.a. increased its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

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 sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % 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 90 days. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $55.46 on Thursday. The company has a market capitalization of $16.55 billion, a PE ratio of 100.84, a P/E/G ratio of 8.09 and a beta of 1.06. The company has a 50-day simple moving average of $53.66 and a two-hundred day simple moving average of $49.06. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DT. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Loop Capital raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Finally, Wedbush started coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.36.

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.