Thrivent Financial for Lutherans Has $20.42 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Thrivent Financial for Lutherans raised its position in Dynatrace, Inc. (NYSE:DT) by 38.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 381,947 shares of the company’s stock after buying an additional 105,906 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Dynatrace worth $20,422,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Dynatrace in the second quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the last quarter. Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of Dynatrace in the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. raised its stake in Dynatrace by 292.3% in the 3rd 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 period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DT. Loop Capital increased their target price on 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 increased their target price on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the company’s 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 owns 217,465 shares of the company’s stock, 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. Over the last 90 days, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Down 0.9 %

Dynatrace stock opened at $51.09 on Thursday. The business has a 50-day simple moving average of $53.30 and a 200 day simple moving average of $48.77. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 92.89, a PEG ratio of 7.34 and a beta of 1.06.

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.