B. Metzler seel. Sohn & Co. Holding AG Invests $389,000 in Dynatrace, Inc. (NYSE:DT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,279 shares of the company’s stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. Versant Capital Management Inc boosted its holdings in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace in the second quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new stake in Dynatrace in the second quarter valued at about $32,000. Riverview Trust Co grew its position in 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 acquiring an additional 257 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares in 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 company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DT. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Scotiabank boosted their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Dynatrace Trading Up 5.7 %

Shares of NYSE DT opened at $55.46 on Monday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 7.67 and a beta of 1.06. The firm’s 50-day moving average price is $53.44 and its 200-day moving average price is $48.88. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-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.