Diversified Trust Co Acquires New Holdings in Dynatrace, Inc. (NYSE:DT)

Diversified Trust Co acquired a new stake in Dynatrace, Inc. (NYSE:DT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,758 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DT. Acadian Asset Management LLC purchased a new stake in Dynatrace in the 2nd quarter valued at about $382,000. Headlands Technologies LLC increased its stake in Dynatrace by 4,199.0% during the second quarter. Headlands Technologies LLC now owns 20,721 shares of the company’s stock worth $927,000 after purchasing an additional 20,239 shares during the period. Pier Capital LLC increased its stake in Dynatrace by 37.0% during the second quarter. Pier Capital LLC now owns 20,297 shares of the company’s stock worth $908,000 after purchasing an additional 5,478 shares during the period. American Century Companies Inc. increased its stake in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares during the period. Finally, Qsemble Capital Management LP increased its stake in Dynatrace by 90.7% during the second quarter. Qsemble Capital Management LP now owns 107,405 shares of the company’s stock worth $4,805,000 after purchasing an additional 51,088 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Trading Down 0.2 %

DT stock opened at $52.17 on Friday. The company has a market capitalization of $15.57 billion, a P/E ratio of 94.85, a PEG ratio of 8.20 and a beta of 1.02. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The business has a 50 day simple moving average of $54.70 and a 200-day simple moving average of $50.95.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

DT has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BTIG Research boosted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target on the stock. Finally, Scotiabank boosted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

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.