Advisors Asset Management Inc. Has $282,000 Stake in Dynatrace, Inc. (NYSE:DT)

Advisors Asset Management Inc. increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 22.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,279 shares of the company’s stock after buying an additional 965 shares during the quarter. Advisors Asset Management Inc.’s holdings in Dynatrace were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DT. Commerce Bank boosted its stake in shares of Dynatrace by 33.1% during the 3rd quarter. Commerce Bank now owns 124,213 shares of the company’s stock valued at $6,642,000 after buying an additional 30,914 shares during the period. Avior Wealth Management LLC boosted its position in Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after purchasing an additional 248 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Dynatrace by 10.3% in the third quarter. PNC Financial Services Group Inc. now owns 33,679 shares of the company’s stock valued at $1,801,000 after purchasing an additional 3,132 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Dynatrace in the third quarter valued at about $389,000. Finally, Banque Cantonale Vaudoise increased its position in Dynatrace by 24.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 28,692 shares of the company’s stock worth $1,534,000 after purchasing an additional 5,650 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DT. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Finally, Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.36.

Dynatrace Trading Down 0.3 %

Shares of NYSE:DT opened at $55.46 on Friday. The firm has a market capitalization of $16.55 billion, a PE ratio of 100.84, a PEG ratio of 8.09 and a beta of 1.06. The business’s 50 day moving average is $53.72 and its 200-day moving average is $49.10. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company’s stock.

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.