Hantz Financial Services Inc. Buys 25,159 Shares of Dynatrace, Inc. (NYSE:DT)

Hantz Financial Services Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 14.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 197,031 shares of the company’s stock after purchasing an additional 25,159 shares during the period. Hantz Financial Services Inc.’s holdings in Dynatrace were worth $10,535,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Dynatrace by 3,813.3% during the second 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. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the second quarter worth about $26,000. V Square Quantitative Management LLC bought a new position in Dynatrace during the second quarter worth about $32,000. Riverview Trust Co boosted its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. Finally, UMB Bank n.a. boosted its position in Dynatrace by 292.3% during the third 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 period. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Wedbush started coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective for the company. Scotiabank raised their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Six 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on 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 $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last 90 days. Insiders own 0.59% of the company’s stock.

Dynatrace Trading Down 0.3 %

DT stock opened at $55.46 on Friday. The firm’s 50-day moving average price is $53.72 and its two-hundred day moving average price is $49.10. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 100.84, a PEG ratio of 8.09 and a beta of 1.06.

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.