OVERSEA CHINESE BANKING Corp Ltd Acquires New Position in Dynatrace, Inc. (NYSE:DT)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Dynatrace, Inc. (NYSE:DT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,135 shares of the company’s stock, valued at approximately $4,820,000.

A number of other institutional investors also recently modified their holdings of DT. Nations Financial Group Inc. IA ADV increased its stake in shares of Dynatrace by 3.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock worth $480,000 after acquiring an additional 270 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Dynatrace by 466.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,214 shares of the company’s stock worth $118,000 after purchasing an additional 1,823 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Dynatrace during the 3rd quarter worth about $600,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Dynatrace by 6.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 98,571 shares of the company’s stock valued at $5,271,000 after buying an additional 5,661 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew 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 buying an additional 9,444 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DT. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Guggenheim increased their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Five equities 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 0.0 %

Shares of DT opened at $53.46 on Wednesday. The company has a 50-day moving average price of $52.95 and a two-hundred day moving average price of $48.46. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 97.24, a P/E/G ratio of 7.77 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

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.