Charles Schwab Investment Management Inc. Has $106.59 Million Position in Dynatrace, Inc. (NYSE:DT)

Charles Schwab Investment Management Inc. boosted its position in Dynatrace, Inc. (NYSE:DT) by 23.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,993,386 shares of the company’s stock after buying an additional 384,708 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Dynatrace were worth $106,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Diversify Advisory Services LLC bought a new stake in shares of Dynatrace in the second quarter valued at about $1,295,000. Assenagon Asset Management S.A. raised its stake in Dynatrace by 1,146.0% in the 2nd 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 in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after purchasing an additional 9,444 shares during the period. Walter Public Investments Inc. grew its position in shares of Dynatrace by 12.5% during the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock worth $14,321,000 after purchasing an additional 35,626 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Dynatrace by 6.6% during the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock worth $44,958,000 after purchasing an additional 52,000 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

Dynatrace stock opened at $55.36 on Tuesday. The business has a 50 day moving average of $53.51 and a 200-day moving average of $48.95. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a market capitalization of $16.52 billion, a P/E ratio of 100.65, a P/E/G ratio of 8.11 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. 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 report on Friday, November 8th. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, 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. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.50.

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.