Synovus Financial Corp Boosts Stake in Dynatrace, Inc. (NYSE:DT)

Synovus Financial Corp grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,093 shares of the company’s stock after buying an additional 13,957 shares during the period. Synovus Financial Corp’s holdings in Dynatrace were worth $3,427,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. American Century Companies Inc. lifted its holdings in Dynatrace by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after purchasing an additional 782,588 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC grew its holdings in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after buying an additional 494,028 shares in the last quarter. Finally, Eminence Capital LP acquired a new position in shares of Dynatrace in the second quarter valued at approximately $158,369,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DT shares. UBS Group started coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price on the stock. BTIG Research lifted their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank increased 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. BMO Capital Markets lifted their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Loop Capital upped their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Stock Performance

Shares of DT opened at $54.41 on Friday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The stock has a 50-day moving average price of $54.71 and a 200 day moving average price of $49.86. The company has a market capitalization of $16.24 billion, a P/E ratio of 98.93, a P/E/G ratio of 8.20 and a beta of 1.01.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 105,027 shares of company stock worth $5,743,084. 0.59% of the stock is currently owned by insiders.

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.