Dynatrace, Inc. (NYSE:DT) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 551,370 shares of the company’s stock after acquiring an additional 48,155 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dynatrace were worth $29,482,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eminence Capital LP purchased a new stake in shares of Dynatrace during the 2nd quarter worth about $158,369,000. Jericho Capital Asset Management L.P. acquired a new position in Dynatrace during the first quarter valued at approximately $133,701,000. Assenagon Asset Management S.A. lifted its position 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 valued at $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP increased its position in shares of 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 acquiring an additional 1,029,387 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Trading Down 2.8 %

Shares of NYSE DT opened at $52.35 on Friday. The business has a 50 day simple moving average of $53.25 and a 200-day simple moving average of $48.64. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 95.18, a price-to-earnings-growth ratio of 7.52 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 over the last 90 days. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

DT has been the subject of a number of research reports. Jefferies Financial Group upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Five investment 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

About Dynatrace

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.