Townsquare Capital LLC Buys 10,460 Shares of Dynatrace, Inc. (NYSE:DT)

Townsquare Capital LLC raised its position in Dynatrace, Inc. (NYSE:DT) by 26.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 49,839 shares of the company’s stock after buying an additional 10,460 shares during the period. Townsquare Capital LLC’s holdings in Dynatrace were worth $2,665,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC bought a new stake in shares of Dynatrace during the second quarter worth approximately $1,295,000. Assenagon Asset Management S.A. raised its position in shares of Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Dynatrace by 56.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after purchasing an additional 9,444 shares during the period. Walter Public Investments Inc. boosted its position in shares of Dynatrace by 12.5% in the 2nd quarter. Walter Public Investments Inc. now owns 320,099 shares of the company’s stock worth $14,321,000 after purchasing an additional 35,626 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Dynatrace during the third quarter worth $600,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Price Performance

Dynatrace stock opened at $56.19 on Friday. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 102.16, a P/E/G ratio of 8.11 and a beta of 1.06. The firm has a 50-day moving average of $53.82 and a 200-day moving average of $49.19. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. 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. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of recent analyst reports. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim lifted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Jefferies Financial Group lifted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.36.

About Dynatrace

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.