Los Angeles Capital Management LLC Invests $600,000 in Dynatrace, Inc. (NYSE:DT)

Los Angeles Capital Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the third quarter, HoldingsChannel.com reports. The firm purchased 11,223 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eminence Capital LP acquired a new position in Dynatrace during the second quarter worth about $158,369,000. Jericho Capital Asset Management L.P. purchased a new position in Dynatrace in the 1st quarter valued at approximately $133,701,000. Assenagon Asset Management S.A. raised its holdings in Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after purchasing an additional 2,030,915 shares during the last quarter. Vanguard Group Inc. boosted its position in Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Dynatrace by 285.7% in the second 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. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on DT shares. JPMorgan Chase & Co. lifted their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, BMO Capital Markets upped their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Dynatrace Trading Down 2.8 %

DT stock opened at $52.35 on Friday. The company has a market cap of $15.63 billion, a PE ratio of 95.18, a price-to-earnings-growth ratio of 7.52 and a beta of 1.06. The stock has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $48.64. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

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.