Dynatrace, Inc. (NYSE:DT) Holdings Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,544,468 shares of the company’s stock after selling 226,512 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dynatrace were worth $136,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cota Capital Management LLC raised its position in shares of Dynatrace by 31.5% during the 3rd quarter. Cota Capital Management LLC now owns 101,936 shares of the company’s stock worth $5,451,000 after buying an additional 24,437 shares in the last quarter. True Vision MN LLC acquired a new position in shares of Dynatrace during the third quarter valued at approximately $431,000. RGM Capital LLC lifted its position in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares during the period. MetLife Investment Management LLC increased its position in shares of Dynatrace by 20.3% during the 3rd quarter. MetLife Investment Management LLC now owns 167,341 shares of the company’s stock valued at $8,948,000 after purchasing an additional 28,258 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Dynatrace by 3.9% in the third quarter. Glenmede Trust Co. NA now owns 883,885 shares of the company’s stock valued at $47,261,000 after buying an additional 33,013 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 1.3 %

Dynatrace stock opened at $56.19 on Monday. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The firm’s fifty day simple moving average is $53.82 and its 200-day simple moving average is $49.20. The company has a market capitalization of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DT. UBS Group initiated coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target on the stock. BMO Capital Markets raised their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.36.

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.