Commerce Bank Acquires 30,914 Shares of Dynatrace, Inc. (NYSE:DT)

Commerce Bank lifted its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 33.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,213 shares of the company's stock after purchasing an additional 30,914 shares during the quarter. Commerce Bank's holdings in Dynatrace were worth $6,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Diversify Advisory Services LLC bought a new stake in Dynatrace during the 2nd quarter worth approximately $1,295,000. Assenagon Asset Management S.A. boosted its holdings in Dynatrace by 1,146.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock worth $98,792,000 after acquiring an additional 2,030,915 shares during the last quarter. 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 worth $1,406,000 after acquiring an additional 9,444 shares in the last quarter. Walter Public Investments Inc. raised its holdings in shares of Dynatrace by 12.5% in the second quarter. Walter Public Investments Inc. now owns 320,099 shares of the company's stock valued at $14,321,000 after purchasing an additional 35,626 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Dynatrace by 102.2% during the first quarter. Quadrature Capital Ltd now owns 80,995 shares of the company's stock valued at $3,758,000 after purchasing an additional 40,944 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business'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 sale, the director now owns 41,471 shares of the company's stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company's stock, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Performance

DT traded up $2.95 during midday trading on Friday, hitting $55.42. The stock had a trading volume of 2,234,596 shares, compared to its average volume of 3,356,957. The company has a market cap of $16.54 billion, a P/E ratio of 95.55, a price-to-earnings-growth ratio of 7.54 and a beta of 1.06. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The business has a fifty day moving average of $53.34 and a 200 day moving average of $48.79.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of 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 report on Friday, November 8th. BTIG Research raised their target price on Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Loop Capital upped their price target on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price 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. Five 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.50.

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.