Victory Capital Management Inc. Buys 33,038 Shares of Dynatrace, Inc. (NYSE:DT)

Victory Capital Management Inc. lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,229 shares of the company’s stock after acquiring an additional 33,038 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Dynatrace worth $18,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after acquiring an additional 583,220 shares in the last quarter. American Century Companies Inc. increased its position in shares of Dynatrace by 13.2% during 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 increased its position in shares of Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock worth $172,194,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in shares of Dynatrace during the second quarter worth about $158,369,000. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DT. Wells Fargo & Company decreased 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. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock. Guggenheim boosted their price target on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.59% of the company’s stock.

Dynatrace Trading Up 0.2 %

Dynatrace stock opened at $52.43 on Tuesday. The firm’s 50 day simple moving average is $53.28 and its 200 day simple moving average is $48.71. The firm has a market capitalization of $15.65 billion, a PE ratio of 95.33, a price-to-earnings-growth ratio of 7.34 and a beta of 1.06. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

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.