Dynatrace, Inc. (NYSE:DT) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,641 shares of the company’s stock after acquiring an additional 802 shares during the quarter. Raymond James Trust N.A.’s holdings in Dynatrace were worth $355,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DT. Public Employees Retirement System of Ohio lifted its stake in Dynatrace by 44.0% during the first quarter. Public Employees Retirement System of Ohio now owns 145,048 shares of the company’s stock worth $6,736,000 after purchasing an additional 44,337 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Dynatrace by 35.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 14,419 shares of the company’s stock worth $670,000 after purchasing an additional 3,752 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Dynatrace during the 1st quarter worth approximately $1,489,000. California State Teachers Retirement System boosted its holdings in shares of Dynatrace by 7.3% in the 1st quarter. California State Teachers Retirement System now owns 394,253 shares of the company’s stock valued at $18,309,000 after buying an additional 26,910 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of Dynatrace by 47.2% in the 1st quarter. Tidal Investments LLC now owns 28,286 shares of the company’s stock valued at $1,314,000 after buying an additional 9,067 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 0.3 %

NYSE:DT opened at $55.46 on Thursday. The firm’s fifty day simple moving average is $53.66 and its 200-day simple moving average is $49.06. The stock has a market cap of $16.55 billion, a PE ratio of 100.84, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $61.36.

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.