Westfield Capital Management Co. LP Buys 648,808 Shares of Dynatrace, Inc. (NYSE:DT)

Westfield Capital Management Co. LP boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 31.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,703,772 shares of the company’s stock after purchasing an additional 648,808 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Dynatrace were worth $144,571,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Dynatrace by 8.7% in the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after acquiring an additional 583,220 shares during the period. American Century Companies Inc. boosted its position in shares of Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after acquiring an additional 782,588 shares during the period. RGM Capital LLC boosted its position in shares of Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after acquiring an additional 225,000 shares during the period. Eminence Capital LP bought a new stake in shares of Dynatrace in the second quarter valued at approximately $158,369,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Dynatrace in the first quarter valued at approximately $133,701,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BNP Paribas assumed coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Dynatrace Trading Up 5.7 %

Shares of NYSE DT opened at $55.46 on Friday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a 50 day moving average of $53.44 and a 200-day moving average of $48.86. The company has a market capitalization of $16.55 billion, a P/E ratio of 100.84, a P/E/G ratio of 7.67 and a beta of 1.06.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock worth $3,397,904 in the last ninety days. 0.59% of the stock is owned by company insiders.

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.