Seelaus Asset Management LLC Purchases New Stake in Dynatrace, Inc. (NYSE:DT)

Seelaus Asset Management LLC purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,340 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds also recently added to or reduced their stakes in DT. CIBC Asset Management Inc raised its stake in shares of Dynatrace by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 10,474 shares of the company’s stock valued at $560,000 after acquiring an additional 544 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Dynatrace by 14.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,816 shares of the company’s stock worth $525,000 after purchasing an additional 1,243 shares in the last quarter. Curi RMB Capital LLC boosted its position in shares of Dynatrace by 10.0% during the third quarter. Curi RMB Capital LLC now owns 56,135 shares of the company’s stock worth $3,002,000 after buying an additional 5,084 shares during the period. Zions Bancorporation N.A. boosted its position in shares of Dynatrace by 18.5% during the third quarter. Zions Bancorporation N.A. now owns 33,979 shares of the company’s stock worth $1,817,000 after buying an additional 5,302 shares during the period. Finally, KBC Group NV raised its holdings in shares of Dynatrace by 53.5% in the 3rd quarter. KBC Group NV now owns 32,546 shares of the company’s stock valued at $1,740,000 after buying an additional 11,346 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DT. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Insiders Place Their Bets

In other 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 value of $547,903.62. Following the completion of the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $52.35 on Friday. The company has a 50-day simple moving average of $53.25 and a 200-day simple moving average of $48.62. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 95.18, a PEG ratio of 7.52 and a beta of 1.06. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

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.