Bank of Montreal Can Purchases 198,568 Shares of Dynatrace, Inc. (NYSE:DT)

Bank of Montreal Can boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 27.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 910,374 shares of the company’s stock after purchasing an additional 198,568 shares during the quarter. Bank of Montreal Can owned about 0.31% of Dynatrace worth $48,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eminence Capital LP bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $158,369,000. Assenagon Asset Management S.A. increased its stake in shares of Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after acquiring an additional 1,029,387 shares during the last quarter. Dorsal Capital Management LP increased its stake in shares of Dynatrace by 118.8% in the 2nd quarter. Dorsal Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $78,295,000 after acquiring an additional 950,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Dynatrace by 70.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,934,499 shares of the company’s stock worth $86,549,000 after purchasing an additional 801,718 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction 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 $10,810,185.15. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DT has been the subject of a number of research reports. BTIG Research increased their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Loop Capital increased their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.36.

Dynatrace Trading Down 0.3 %

NYSE DT opened at $55.46 on Thursday. The company has a market cap of $16.55 billion, a PE ratio of 100.84, a PEG ratio of 8.09 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a 50 day moving average of $53.66 and a 200-day moving average of $49.06.

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.