First Trust Advisors LP Boosts Stock Holdings in Dynatrace, Inc. (NYSE:DT)

First Trust Advisors LP raised its holdings in Dynatrace, Inc. (NYSE:DT – Get Rating) by 58.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,239 shares of the company’s stock after purchasing an additional 115,093 shares during the period. First Trust Advisors LP owned 0.11% of Dynatrace worth $10,834,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Eaton Vance Management grew its stake in Dynatrace by 0.6% during the third quarter. Eaton Vance Management now owns 42,832 shares of the company’s stock valued at $1,491,000 after acquiring an additional 269 shares in the last quarter. Ieq Capital LLC lifted its position in Dynatrace by 4.8% during the third quarter. Ieq Capital LLC now owns 6,930 shares of the company’s stock valued at $241,000 after purchasing an additional 315 shares during the last quarter. Phoenix Holdings Ltd. lifted its position in Dynatrace by 3.2% during the third quarter. Phoenix Holdings Ltd. now owns 15,815 shares of the company’s stock valued at $547,000 after purchasing an additional 496 shares during the last quarter. Captrust Financial Advisors lifted its position in Dynatrace by 26.5% during the second quarter. Captrust Financial Advisors now owns 2,596 shares of the company’s stock valued at $102,000 after purchasing an additional 544 shares during the last quarter. Finally, Echo Street Capital Management LLC lifted its position in Dynatrace by 4.1% during the second quarter. Echo Street Capital Management LLC now owns 15,626 shares of the company’s stock valued at $616,000 after purchasing an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DT shares. Robert W. Baird lifted their target price on shares of Dynatrace from $40.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Credit Suisse Group lifted their target price on shares of Dynatrace from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Rosenblatt Securities lifted their target price on shares of Dynatrace from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. JMP Securities restated a “market outperform” rating and issued a $50.00 price objective on shares of Dynatrace in a report on Friday, February 3rd. Finally, Barclays boosted their price objective on shares of Dynatrace from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, February 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.22.

Insider Transactions at Dynatrace

In related news, CRO Stephen J. Pace sold 4,317 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $43.49, for a total value of $187,746.33. Following the transaction, the executive now owns 120,923 shares in the company, valued at approximately $5,258,941.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CRO Stephen J. Pace sold 4,317 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $43.49, for a total value of $187,746.33. Following the transaction, the executive now owns 120,923 shares in the company, valued at approximately $5,258,941.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,773,500 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $45.15, for a total transaction of $667,023,525.00. Following the completion of the transaction, the insider now owns 69,524,770 shares in the company, valued at approximately $3,139,043,365.50. The disclosure for this sale can be found here. Insiders have sold 14,868,479 shares of company stock valued at $671,159,313 in the last three months. 0.51% of the stock is currently owned by company insiders.

Dynatrace Price Performance

NYSE:DT opened at $38.33 on Monday. The firm’s 50-day moving average price is $40.78 and its 200-day moving average price is $38.08. The company has a market capitalization of $11.08 billion, a PE ratio of 383.30, a P/E/G ratio of 5.09 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $29.41 and a 1-year high of $49.55.

About Dynatrace

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Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.