Avala Global LP Buys 301,027 Shares of Dynatrace, Inc. (NYSE:DT)

Avala Global LP raised its stake in Dynatrace, Inc. (NYSE:DT) by 29.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,313,227 shares of the company’s stock after buying an additional 301,027 shares during the period. Dynatrace comprises about 4.6% of Avala Global LP’s portfolio, making the stock its 5th biggest position. Avala Global LP owned 0.44% of Dynatrace worth $70,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new position in Dynatrace in the second quarter valued at $26,000. Versant Capital Management Inc raised its position in shares of 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 acquiring an additional 572 shares in the last quarter. Riverview Trust Co raised its position in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Dynatrace in the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. boosted its position in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DT shares. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Scotiabank lifted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Loop Capital increased their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, BMO Capital Markets increased their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.36.

Dynatrace Price Performance

Shares of DT stock opened at $56.19 on Monday. The firm has a 50-day moving average of $53.82 and a 200-day moving average of $49.20. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The company has a market cap of $16.77 billion, a P/E ratio of 102.16, a P/E/G ratio of 8.21 and a beta of 1.06.

Insiders Place Their Bets

In other news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

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.