MetLife Investment Management LLC Purchases 28,258 Shares of Dynatrace, Inc. (NYSE:DT)

MetLife Investment Management LLC boosted its position in Dynatrace, Inc. (NYSE:DT) by 20.3% in the third quarter, Holdings Channel.com reports. The firm owned 167,341 shares of the company’s stock after purchasing an additional 28,258 shares during the quarter. MetLife Investment Management LLC’s holdings in Dynatrace were worth $8,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC raised its holdings in Dynatrace by 35.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 14,419 shares of the company’s stock valued at $670,000 after buying an additional 3,752 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Dynatrace in the 1st quarter valued at approximately $1,489,000. California State Teachers Retirement System raised its stake in shares of Dynatrace by 7.3% during the first quarter. California State Teachers Retirement System now owns 394,253 shares of the company’s stock valued at $18,309,000 after acquiring an additional 26,910 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Dynatrace by 47.2% during the first quarter. Tidal Investments LLC now owns 28,286 shares of the company’s stock worth $1,314,000 after purchasing an additional 9,067 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Dynatrace in the first quarter worth $600,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DT has been the topic of several recent research reports. Guggenheim lifted their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company cut their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. UBS Group initiated coverage on shares of Dynatrace in a research report on Wednesday. They issued a “neutral” rating and a $58.00 price target on the stock. Finally, BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.36.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The transaction 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 stock in a transaction dated Monday, September 16th. The shares were 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 owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE DT opened at $55.46 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a market capitalization of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 8.09 and a beta of 1.06. The company has a 50-day moving average price of $53.72 and a 200-day moving average price of $49.10.

Dynatrace 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.