Prospera Financial Services Inc Has $245,000 Stock Position in Dynatrace, Inc. (NYSE:DT)

Prospera Financial Services Inc lessened its stake in Dynatrace, Inc. (NYSE:DT) by 16.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,582 shares of the company’s stock after selling 883 shares during the quarter. Prospera Financial Services Inc’s holdings in Dynatrace were worth $245,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 in the last quarter. 0.59% of the stock is owned by corporate insiders.

Dynatrace Stock Performance

Shares of DT stock opened at $55.36 on Tuesday. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a 50 day simple moving average of $53.51 and a two-hundred day simple moving average of $48.95. The company has a market cap of $16.52 billion, a P/E ratio of 100.65, a PEG ratio of 8.11 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DT shares. Loop Capital lifted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Guggenheim raised their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Scotiabank upped their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.