ArrowMark Colorado Holdings LLC Lowers Stock Holdings in Dynatrace, Inc. (NYSE:DT)

ArrowMark Colorado Holdings LLC lowered its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,811,672 shares of the company’s stock after selling 56,011 shares during the period. Dynatrace accounts for about 1.2% of ArrowMark Colorado Holdings LLC’s holdings, making the stock its 23rd biggest position. ArrowMark Colorado Holdings LLC owned 0.61% of Dynatrace worth $96,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DT. Eminence Capital LP purchased a new position in Dynatrace in the second quarter worth $158,369,000. Assenagon Asset Management S.A. lifted its holdings in shares of Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Dynatrace by 285.7% during the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after purchasing an additional 1,029,387 shares during the last quarter. Dorsal Capital Management LP raised its position in Dynatrace by 118.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock worth $78,295,000 after purchasing an additional 950,000 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Dynatrace by 70.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,934,499 shares of the company’s stock worth $86,549,000 after buying an additional 801,718 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DT. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group began coverage on Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target on the stock. Jefferies Financial Group lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Guggenheim raised their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.36.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on 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 completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by corporate insiders.

Dynatrace Trading Up 1.3 %

Dynatrace stock opened at $56.19 on Monday. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 102.16, a PEG ratio of 8.21 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a fifty day simple moving average of $53.82 and a two-hundred day simple moving average of $49.20.

Dynatrace Company 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.