Korea Investment CORP Has $12.37 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Korea Investment CORP trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 227,549 shares of the company's stock after selling 147,720 shares during the quarter. Korea Investment CORP owned about 0.08% of Dynatrace worth $12,367,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Holocene Advisors LP bought a new position in Dynatrace in the third quarter valued at approximately $126,592,000. Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the 4th quarter valued at $102,209,000. TimesSquare Capital Management LLC bought a new position in shares of Dynatrace in the 4th quarter valued at $73,906,000. State Street Corp raised its holdings in shares of Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company's stock worth $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company's stock worth $114,076,000 after buying an additional 981,964 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $3.67 during midday trading on Friday, reaching $41.99. The company's stock had a trading volume of 4,230,789 shares, compared to its average volume of 3,216,981. The firm has a 50 day moving average price of $54.75 and a two-hundred day moving average price of $54.24. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 7.05 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DT shares. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. BMO Capital Markets cut their target price on shares of Dynatrace from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Finally, Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.35.

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.