Westfield Capital Management Co. LP grew its position in Dynatrace, Inc. (NYSE:DT – Free Report) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,951,726 shares of the company’s stock after buying an additional 41,173 shares during the quarter. Westfield Capital Management Co. LP owned 0.98% of Dynatrace worth $162,965,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in DT. VSM Wealth Advisory LLC bought a new position in Dynatrace in the second quarter valued at approximately $34,000. Eastern Bank bought a new position in shares of Dynatrace in the second quarter worth about $35,000. Brooklyn Investment Group lifted its holdings in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 800 shares during the last quarter. CX Institutional grew its holdings in shares of Dynatrace by 42.6% during the 2nd quarter. CX Institutional now owns 1,221 shares of the company’s stock valued at $67,000 after purchasing an additional 365 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Dynatrace by 259.8% during the 2nd quarter. Huntington National Bank now owns 1,486 shares of the company’s stock valued at $82,000 after purchasing an additional 1,073 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.
Dynatrace Price Performance
Shares of DT opened at $45.23 on Thursday. The business has a 50-day moving average of $48.40 and a 200-day moving average of $50.85. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.68 and a beta of 0.85. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.
Insiders Place Their Bets
In other news, Director Lisa M. Campbell sold 1,013 shares of Dynatrace stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the transaction, the director directly owned 1,012 shares of the company’s stock, valued at approximately $50,367.24. This trade represents a 50.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Daniel S. Yates sold 2,000 shares of Dynatrace stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the sale, the chief accounting officer owned 23,380 shares of the company’s stock, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 42,602 shares of company stock valued at $2,021,259. Insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
DT has been the subject of several research reports. Guggenheim increased their price objective on shares of Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company assumed coverage on Dynatrace in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 price target for the company. Wall Street Zen downgraded Dynatrace from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, November 6th. Finally, UBS Group set a $51.00 price target on Dynatrace in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.59.
Check Out Our Latest Stock Analysis on DT
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.
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