Crossmark Global Holdings Inc. Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Crossmark Global Holdings Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 269.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,236 shares of the company’s stock after buying an additional 70,933 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dynatrace were worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DT. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Dynatrace in the 3rd quarter worth $38,000. UMB Bank n.a. boosted its holdings 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 during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Dynatrace during the third quarter valued at about $52,000. Finally, Park Place Capital Corp increased its holdings in shares of Dynatrace by 48.6% in the third quarter. Park Place Capital Corp now owns 1,412 shares of the company’s stock worth $76,000 after purchasing an additional 462 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Trading Up 3.8 %

DT opened at $53.24 on Wednesday. The business’s fifty day simple moving average is $54.22 and its 200-day simple moving average is $51.36. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 96.79, a PEG ratio of 7.49 and a beta of 1.02. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Analysts Set New Price Targets

A number of equities analysts recently commented on DT shares. BMO Capital Markets increased their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Wedbush assumed coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Scotiabank increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.92.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by company insiders.

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.