State of New Jersey Common Pension Fund D Increases Position in Dynatrace, Inc. (NYSE:DT)

State of New Jersey Common Pension Fund D lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,571 shares of the company’s stock after purchasing an additional 5,661 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dynatrace were worth $5,271,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 572 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace during the second quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in Dynatrace during the second quarter worth about $32,000. Riverview Trust Co boosted its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s 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 completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’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 sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’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 transaction, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

NYSE DT opened at $53.48 on Tuesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 97.24, a price-to-earnings-growth ratio of 7.77 and a beta of 1.06. The firm’s fifty day moving average price is $52.90 and its 200 day moving average price is $48.41.

Analyst Ratings Changes

Several equities research analysts have issued reports on DT shares. Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wedbush initiated coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.50.

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.