Dynatrace, Inc. (NYSE:DT) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 92.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,748 shares of the company’s stock after acquiring an additional 68,401 shares during the quarter. Pacer Advisors Inc.’s holdings in Dynatrace were worth $7,758,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its position in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dynatrace by 20.8% during the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares during the last quarter. RGM Capital LLC boosted its position in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after buying an additional 494,028 shares during the period. Westfield Capital Management Co. LP increased its position in Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after acquiring an additional 648,808 shares during the period. Finally, Congress Asset Management Co. increased its position in Dynatrace by 23.9% in 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 during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE DT opened at $57.25 on Thursday. The company has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $51.85. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 104.10, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DT. Loop Capital increased their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Wednesday, January 22nd. BTIG Research increased their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Scotiabank boosted their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction 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 $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.59% of the company’s stock.

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.