Dynatrace, Inc. (NYSE:DT) Stake Lowered by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Dynatrace, Inc. (NYSE:DT) by 50.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,292 shares of the company’s stock after selling 20,266 shares during the period. Intech Investment Management LLC’s holdings in Dynatrace were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after acquiring an additional 782,588 shares in the last quarter. RGM Capital LLC boosted its holdings in Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock worth $172,194,000 after purchasing an additional 225,000 shares in the last quarter. Eminence Capital LP bought a new stake in Dynatrace in the second quarter worth $158,369,000. Congress Asset Management Co. increased its position in Dynatrace by 23.9% during the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock worth $133,753,000 after buying an additional 482,017 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Dynatrace by 32.5% during the third quarter. Handelsbanken Fonder AB now owns 2,319,000 shares of the company’s stock valued at $123,997,000 after buying an additional 569,000 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $61.36.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 10.76 % 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 valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 0.3 %

Shares of DT opened at $55.46 on Thursday. The company has a 50-day moving average price of $53.66 and a two-hundred day moving average price of $49.06. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 100.84, a P/E/G ratio of 8.09 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

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.