RGM Capital LLC Has $232.21 Million Holdings in Dynatrace, Inc. (NYSE:DT)

RGM Capital LLC grew its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 12.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,342,803 shares of the company’s stock after buying an additional 494,028 shares during the quarter. Dynatrace accounts for about 10.1% of RGM Capital LLC’s investment portfolio, making the stock its biggest position. RGM Capital LLC’s holdings in Dynatrace were worth $232,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Dynatrace in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new position in Dynatrace in the second quarter worth approximately $32,000. Riverview Trust Co raised its position 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 in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DT. BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. BTIG Research boosted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Dynatrace in a research note on Wednesday. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, Guggenheim increased their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,280,905. This represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by company insiders.

Dynatrace Stock Up 0.3 %

Shares of NYSE:DT traded up $0.16 during trading on Wednesday, hitting $55.78. 46,762 shares of the stock traded hands, compared to its average volume of 3,372,043. The company has a fifty day moving average price of $53.59 and a two-hundred day moving average price of $49.01. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 101.14, a P/E/G ratio of 8.09 and a beta of 1.06.

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.