Curi RMB Capital LLC Has $3 Million Stake in Dynatrace, Inc. (NYSE:DT)

Curi RMB Capital LLC lifted its position in Dynatrace, Inc. (NYSE:DT) by 10.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,135 shares of the company’s stock after buying an additional 5,084 shares during the quarter. Curi RMB Capital LLC’s holdings in Dynatrace were worth $3,002,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DT. Russell Investments Group Ltd. increased its stake in shares of Dynatrace by 1.5% during the 1st quarter. Russell Investments Group Ltd. now owns 213,206 shares of the company’s stock worth $9,899,000 after purchasing an additional 3,201 shares during the last quarter. US Bancorp DE increased its position in Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after buying an additional 22,928 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after buying an additional 157,739 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Dynatrace by 47.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 149,377 shares of the company’s stock valued at $6,937,000 after buying an additional 47,855 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Dynatrace by 30.7% in the first quarter. Orion Portfolio Solutions LLC now owns 18,055 shares of the company’s stock worth $838,000 after buying an additional 4,241 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated 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 transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 over the last three months. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Trading Up 0.5 %

Shares of DT opened at $53.89 on Friday. The stock has a 50 day simple moving average of $53.11 and a 200-day simple moving average of $48.54. The stock has a market cap of $16.09 billion, a PE ratio of 97.98, a PEG ratio of 7.52 and a beta of 1.06. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $64.00 in a research note on Monday, October 7th. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. BNP Paribas began coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

About Dynatrace

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.