Cota Capital Management LLC Raises Position in Dynatrace, Inc. (NYSE:DT)

Cota Capital Management LLC grew its position in Dynatrace, Inc. (NYSE:DT) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,936 shares of the company’s stock after acquiring an additional 24,437 shares during the period. Dynatrace accounts for 21.7% of Cota Capital Management LLC’s portfolio, making the stock its largest holding. Cota Capital Management LLC’s holdings in Dynatrace were worth $5,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the 2nd quarter worth about $26,000. Versant Capital Management Inc raised its stake in shares of Dynatrace by 3,813.3% in the second 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 last quarter. Riverview Trust Co raised 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 worth $33,000 after acquiring an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the third quarter worth approximately $38,000. Finally, UMB Bank n.a. grew its stake in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DT shares. Scotiabank boosted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Loop Capital boosted their price objective on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 over the last quarter. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

NYSE DT opened at $55.46 on Thursday. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 100.84, a PEG ratio of 8.09 and a beta of 1.06. The business has a 50 day simple moving average of $53.66 and a 200 day simple moving average of $49.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

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.