Geode Capital Management LLC Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Geode Capital Management LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,127,967 shares of the company’s stock after purchasing an additional 884,673 shares during the quarter. Geode Capital Management LLC owned about 1.72% of Dynatrace worth $273,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace during the second quarter valued at approximately $26,000. Riverview Trust Co boosted its stake in Dynatrace by 70.6% during the 3rd 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 last quarter. Paladin Wealth LLC bought a new stake in shares of Dynatrace in the 3rd quarter worth $38,000. UMB Bank n.a. raised its stake in shares of Dynatrace by 292.3% in 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. Finally, Capital Performance Advisors LLP bought a new position in shares of Dynatrace during the third quarter valued at $52,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 3.6 %

NYSE DT opened at $54.41 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The business has a 50-day moving average price of $54.71 and a 200-day moving average price of $49.86. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01.

Analyst Ratings Changes

Several research firms recently commented on DT. BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Wedbush started coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective for the company. Loop Capital raised their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were 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 of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,027 shares of company stock valued at $5,743,084. 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.