Atom Investors LP Acquires New Holdings in Dynatrace, Inc. (NYSE:DT)

Atom Investors LP purchased a new stake in Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,339 shares of the company’s stock, valued at approximately $981,000.

A number of other hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in Dynatrace by 385.9% in the first quarter. Cetera Investment Advisers now owns 40,685 shares of the company’s stock worth $1,889,000 after purchasing an additional 32,312 shares during the period. Cetera Advisors LLC lifted its stake in Dynatrace by 88.7% during the first quarter. Cetera Advisors LLC now owns 7,336 shares of the company’s stock valued at $341,000 after purchasing an additional 3,448 shares during the last quarter. DNB Asset Management AS boosted its holdings in Dynatrace by 3.2% during the second quarter. DNB Asset Management AS now owns 44,075 shares of the company’s stock worth $1,972,000 after buying an additional 1,365 shares in the last quarter. Versant Capital Management Inc grew its position in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Dynatrace by 3.8% during the 2nd quarter. Park Avenue Securities LLC now owns 24,088 shares of the company’s stock worth $1,078,000 after acquiring an additional 886 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. 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. JPMorgan Chase & Co. increased their price target 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. Loop Capital boosted their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred 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 sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the business’s 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 completion of the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by insiders.

Dynatrace Stock Performance

NYSE DT opened at $57.28 on Wednesday. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 104.15, a PEG ratio of 8.24 and a beta of 1.01. The business has a 50 day simple moving average of $54.00 and a 200 day simple moving average of $49.32. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week 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.