Dynatrace, Inc. (NYSE:DT) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 31.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,703,772 shares of the company’s stock after acquiring an additional 648,808 shares during the quarter. Westfield Capital Management Co. LP owned about 0.91% of Dynatrace worth $144,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC acquired a new stake in Dynatrace in the second quarter worth about $1,295,000. Assenagon Asset Management S.A. lifted its holdings in Dynatrace by 1,146.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after purchasing an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Dynatrace by 56.0% in the third 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 during the period. Walter Public Investments Inc. lifted its holdings in Dynatrace by 12.5% in the second quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock worth $14,321,000 after purchasing an additional 35,626 shares during the period. Finally, Swedbank AB acquired a new stake in Dynatrace in the first quarter worth about $4,619,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DT. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, Wells Fargo & Company cut their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.50.

Dynatrace Price Performance

Shares of DT opened at $55.46 on Friday. The business’s 50-day moving average is $53.44 and its 200-day moving average is $48.86. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 100.84, a P/E/G ratio of 7.67 and a beta of 1.06.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, 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. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. 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.