Advisors Asset Management Inc. Has $1.44 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Advisors Asset Management Inc. decreased its holdings in Dynatrace, Inc. (NYSE:DTGet Rating) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,492 shares of the company’s stock after selling 3,851 shares during the quarter. Advisors Asset Management Inc.’s holdings in Dynatrace were worth $1,439,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Dragoneer Investment Group LLC increased its position in shares of Dynatrace by 49.1% during the 1st quarter. Dragoneer Investment Group LLC now owns 7,149,440 shares of the company’s stock worth $336,739,000 after purchasing an additional 2,355,247 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Dynatrace by 31.0% during the 1st quarter. William Blair Investment Management LLC now owns 6,989,994 shares of the company’s stock worth $329,229,000 after purchasing an additional 1,653,151 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Dynatrace by 15.2% during the 1st quarter. Brown Advisory Inc. now owns 11,301,106 shares of the company’s stock worth $535,781,000 after purchasing an additional 1,491,020 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dynatrace by 41.8% during the 1st quarter. Wellington Management Group LLP now owns 3,306,979 shares of the company’s stock worth $155,757,000 after purchasing an additional 974,376 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Dynatrace by 387.6% during the 2nd quarter. National Bank of Canada FI now owns 1,086,741 shares of the company’s stock worth $42,917,000 after purchasing an additional 863,881 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Dynatrace Stock Down 2.3 %

Dynatrace stock opened at $37.40 on Tuesday. The company’s 50 day simple moving average is $35.72 and its 200 day simple moving average is $37.78. Dynatrace, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $72.55. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 374.04, a PEG ratio of 5.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.20 and a quick ratio of 1.20.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research analyst reports. Macquarie initiated coverage on shares of Dynatrace in a report on Wednesday, November 2nd. They set a “neutral” rating and a $38.00 price objective on the stock. Canaccord Genuity Group decreased their price objective on shares of Dynatrace from $55.00 to $47.00 in a report on Thursday, November 3rd. Citigroup decreased their price objective on shares of Dynatrace from $47.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Credit Suisse Group initiated coverage on shares of Dynatrace in a report on Friday, September 23rd. They set a “neutral” rating and a $38.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of Dynatrace from $61.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $47.26.

Insider Buying and Selling

In related news, CRO Stephen J. Pace sold 25,000 shares of Dynatrace stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $38.50, for a total transaction of $962,500.00. Following the transaction, the executive now owns 139,963 shares of the company’s stock, valued at approximately $5,388,575.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dynatrace news, CRO Stephen J. Pace sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $38.50, for a total transaction of $962,500.00. Following the sale, the executive now directly owns 139,963 shares in the company, valued at approximately $5,388,575.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Stephen J. Pace sold 26,303 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $40.00, for a total transaction of $1,052,120.00. Following the sale, the executive now owns 137,378 shares in the company, valued at $5,495,120. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

See Also

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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