BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Holdings in Dynatrace, Inc. (NYSE:DT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 175,542 shares of the company’s stock after selling 542 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Dynatrace were worth $9,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc boosted its stake in Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace during the 2nd quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the second quarter worth approximately $32,000. Riverview Trust Co grew its holdings in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Finally, UMB Bank n.a. increased its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Transactions at Dynatrace

In other Dynatrace news, 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 transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,022 shares of company stock valued at $3,397,904. Insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

NYSE DT opened at $55.46 on Friday. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 100.84, a price-to-earnings-growth ratio of 7.67 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company’s fifty day moving average price is $53.44 and its two-hundred day moving average price is $48.86.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DT shares. BNP Paribas assumed coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Loop Capital boosted their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

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.