Blue Trust Inc. Boosts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Blue Trust Inc. raised its holdings in Dynatrace, Inc. (NYSE:DT) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,493 shares of the company’s stock after purchasing an additional 2,871 shares during the quarter. Blue Trust Inc.’s holdings in Dynatrace were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DT. Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% in the third 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 period. UMB Bank n.a. increased its holdings in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the 3rd quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its stake in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Dynatrace in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Dynatrace stock opened at $57.77 on Friday. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 105.04, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock’s 50-day moving average is $54.65 and its 200-day moving average is $51.88.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on DT shares. Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Wednesday, January 22nd. Cantor Fitzgerald initiated coverage on shares of Dynatrace in a research report on Friday, January 17th. They set a “neutral” rating and a $58.00 target price for the company. Scotiabank increased their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

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.