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

Stifel Financial Corp lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 15.7% during the third quarter, Holdings Channel reports. The fund owned 16,014 shares of the company’s stock after purchasing an additional 2,177 shares during the quarter. Stifel Financial Corp’s holdings in Dynatrace were worth $856,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Eminence Capital LP acquired a new position in Dynatrace during the 2nd quarter worth $158,369,000. Holocene Advisors LP bought a new position in shares of Dynatrace during the third quarter worth about $126,592,000. Marshall Wace LLP grew its stake in Dynatrace by 285.7% in the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares in the last quarter. Dorsal Capital Management LP increased its holdings in Dynatrace by 118.8% in the second quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after buying an additional 950,000 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after buying an additional 782,588 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock worth $3,168,084 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DT shares. Barclays boosted their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Guggenheim boosted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wedbush started coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Loop Capital boosted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on shares of Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Stock Up 1.3 %

NYSE DT opened at $55.07 on Wednesday. The company has a 50 day moving average price of $54.74 and a two-hundred day moving average price of $50.24. 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 $16.44 billion, a PE ratio of 100.13, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01.

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.