MML Investors Services LLC Grows Holdings in Dynatrace, Inc. (NYSE:DT)

MML Investors Services LLC grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,011 shares of the company’s stock after buying an additional 10,617 shares during the period. MML Investors Services LLC’s holdings in Dynatrace were worth $4,706,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atria Investments Inc boosted its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after buying an additional 240 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Dynatrace by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares during the last quarter. Riverview Trust Co boosted its stake in shares of Dynatrace by 70.6% in 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. B. Riley Wealth Advisors Inc. grew its holdings in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after purchasing an additional 266 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in Dynatrace by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock worth $480,000 after purchasing an additional 270 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Trading Down 3.5 %

Shares of Dynatrace stock opened at $54.42 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a market capitalization of $16.24 billion, a P/E ratio of 98.95, a P/E/G ratio of 8.20 and a beta of 1.01. The business has a fifty day simple moving average of $54.71 and a two-hundred day simple moving average of $49.83.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Jefferies Financial Group boosted their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital raised their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,027 shares of company stock valued at $5,743,084 in the last three months. Company 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.