Dynatrace, Inc. (NYSE:DT) Position Reduced by BNP Paribas

BNP Paribas lowered its stake in Dynatrace, Inc. (NYSE:DT) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 26,397 shares of the company’s stock after selling 1,229 shares during the period. BNP Paribas’ holdings in Dynatrace were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atria Investments Inc grew its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the last quarter. Riverview Trust Co increased its holdings 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 acquiring an additional 257 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after acquiring an additional 266 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in Dynatrace by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock worth $480,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’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 sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 in the last three months. 0.59% of the stock is currently owned by insiders.

Dynatrace Stock Performance

NYSE DT opened at $55.46 on Thursday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The business’s fifty day moving average is $53.66 and its two-hundred day moving average is $49.06. The stock has a market capitalization of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 8.09 and a beta of 1.06.

Analysts Set New Price Targets

Several research firms have weighed in on DT. BMO Capital Markets boosted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Loop Capital raised their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company decreased 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. Finally, Scotiabank increased their price target on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, 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.