Dynatrace, Inc. (NYSE:DT) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,542 shares of the company’s stock after selling 542 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of Dynatrace worth $9,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Dynatrace Trading Up 5.7 %

DT stock opened at $55.46 on Friday. The company’s 50-day moving average price is $53.44 and its 200 day moving average price is $48.86. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market cap of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 7.67 and a beta of 1.06.

Wall Street Analyst Weigh In

DT has been the subject of several research analyst reports. BNP Paribas initiated coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Wedbush initiated coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock. BTIG Research boosted their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their target price 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, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock valued at $3,397,904 in the last quarter. 0.59% of the stock is currently owned by corporate 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.