Prospera Financial Services Inc Has $245,000 Holdings in Dynatrace, Inc. (NYSE:DT)

Prospera Financial Services Inc decreased its holdings in Dynatrace, Inc. (NYSE:DT) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,582 shares of the company’s stock after selling 883 shares during the quarter. Prospera Financial Services Inc’s holdings in Dynatrace were worth $245,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after purchasing an additional 782,588 shares in the last quarter. RGM Capital LLC raised its position in Dynatrace by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after buying an additional 225,000 shares during the last quarter. Eminence Capital LP bought a new position in Dynatrace during the 2nd quarter valued at $158,369,000. Congress Asset Management Co. lifted its stake in Dynatrace by 23.9% during the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after acquiring an additional 482,017 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Dynatrace by 32.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,319,000 shares of the company’s stock worth $123,997,000 after acquiring an additional 569,000 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

NYSE:DT opened at $55.36 on Tuesday. The business’s fifty day moving average is $53.51 and its 200 day moving average is $48.95. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 100.65, a PEG ratio of 8.11 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DT shares. JPMorgan Chase & Co. raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wedbush started coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Scotiabank upped their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Wells Fargo & Company decreased their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, BTIG Research boosted their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s 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 $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s 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 sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,022 shares of company stock worth $3,397,904 over the last ninety days. Company insiders own 0.59% of the company’s stock.

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.