OVERSEA CHINESE BANKING Corp Ltd Acquires 75,696 Shares of Dynatrace, Inc. (NYSE:DT)

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 84.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,831 shares of the company's stock after acquiring an additional 75,696 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of Dynatrace worth $9,019,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its holdings in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the period. UMB Bank n.a. grew its position in Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after purchasing an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company's stock valued at $78,000 after purchasing an additional 911 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on DT shares. Truist Financial boosted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. Scotiabank boosted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.35.

Dynatrace Trading Up 0.4 %

NYSE:DT traded up $0.22 during trading hours on Friday, hitting $49.85. 4,565,606 shares of the company traded hands, compared to its average volume of 3,150,488. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 7.05 and a beta of 1.12. The firm has a 50-day moving average of $55.61 and a 200 day moving average of $54.43.

Insider Activity

In other Dynatrace 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by corporate 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.