Truvestments Capital LLC Purchases Shares of 2,507 Dynatrace, Inc. (NYSE:DT)

Truvestments Capital LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the third quarter, HoldingsChannel.com reports. The firm purchased 2,507 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds have also recently made changes to their positions in the company. Diversify Advisory Services LLC bought a new position in Dynatrace during the second quarter worth $1,295,000. Assenagon Asset Management S.A. raised its holdings in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after purchasing an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after purchasing an additional 9,444 shares in the last quarter. Walter Public Investments Inc. grew its stake in shares of Dynatrace by 12.5% in the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock valued at $14,321,000 after buying an additional 35,626 shares during the period. Finally, Swiss National Bank increased its position in Dynatrace by 6.6% in the 3rd quarter. Swiss National Bank now owns 840,801 shares of the company’s stock valued at $44,958,000 after buying an additional 52,000 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $55.63 on Wednesday. The stock has a market capitalization of $16.60 billion, a P/E ratio of 101.14, a P/E/G 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. The stock’s 50-day simple moving average is $53.59 and its 200 day simple moving average is $49.01.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Loop Capital upped their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 over the last quarter. Corporate 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.