PNC Financial Services Group Inc. Has $1.80 Million Position in Dynatrace, Inc. (NYSE:DT)

PNC Financial Services Group Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 10.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,679 shares of the company’s stock after acquiring an additional 3,132 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dynatrace were worth $1,801,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Dynatrace in the third quarter valued at approximately $389,000. Banque Cantonale Vaudoise raised its position in Dynatrace by 24.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 28,692 shares of the company’s stock valued at $1,534,000 after purchasing an additional 5,650 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Dynatrace by 2.6% in the third quarter. Pathstone Holdings LLC now owns 86,578 shares of the company’s stock worth $4,629,000 after purchasing an additional 2,218 shares in the last quarter. Swiss National Bank increased its stake in shares of Dynatrace by 6.6% in the third quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after buying an additional 52,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Dynatrace by 38.4% in the third quarter. Thrivent Financial for Lutherans now owns 381,947 shares of the company’s stock valued at $20,422,000 after buying an additional 105,906 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

DT has been the subject of several research reports. BTIG Research raised their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. BMO Capital Markets increased their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company lowered their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Scotiabank upped their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated 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 directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred 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 completion of the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. 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. 0.59% of the stock is owned by corporate insiders.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $55.63 on Wednesday. The company has a market capitalization of $16.60 billion, a P/E ratio of 101.14, a price-to-earnings-growth ratio of 8.11 and a beta of 1.06. The business has a 50-day moving average of $53.59 and a two-hundred day moving average of $49.01. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

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.