B. Metzler seel. Sohn & Co. Holding AG Takes $389,000 Position in Dynatrace, Inc. (NYSE:DT)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 7,279 shares of the company’s stock, valued at approximately $389,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd raised its position in Dynatrace by 129.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock valued at $181,000 after purchasing an additional 2,200 shares during the last quarter. Bessemer Group Inc. lifted its position in Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after buying an additional 226 shares in the last quarter. Lazard Asset Management LLC lifted its position in Dynatrace by 23.0% during the 1st quarter. Lazard Asset Management LLC now owns 81,134 shares of the company’s stock worth $3,767,000 after buying an additional 15,191 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Dynatrace by 44.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 145,048 shares of the company’s stock valued at $6,736,000 after acquiring an additional 44,337 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Dynatrace in the first quarter worth about $581,000. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DT shares. Guggenheim increased their price target on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Scotiabank lifted their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, BTIG Research upped their target price 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. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Dynatrace Stock Performance

Shares of DT opened at $55.46 on Monday. The firm has a market capitalization of $16.55 billion, a PE ratio of 100.84, a P/E/G ratio of 7.67 and a beta of 1.06. The stock has a 50 day simple moving average of $53.44 and a 200 day simple moving average of $48.88. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Insiders Place Their Bets

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction that occurred 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 directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 4.82 % 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 valued at $3,397,904 in the last quarter. 0.59% of the stock is currently owned by insiders.

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.