90,135 Shares in Dynatrace, Inc. (NYSE:DT) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 90,135 shares of the company's stock, valued at approximately $4,820,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company's stock worth $26,000 after purchasing an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace during the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Dynatrace during the 2nd quarter valued at approximately $32,000. Riverview Trust Co raised its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after buying an additional 257 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after buying an additional 535 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company's stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company's stock.

Dynatrace Stock Performance

DT stock traded up $0.18 during midday trading on Wednesday, reaching $53.64. The company's stock had a trading volume of 4,220,896 shares, compared to its average volume of 3,352,006. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 98.53, a PEG ratio of 7.50 and a beta of 1.06. The stock has a fifty day simple moving average of $53.03 and a two-hundred day simple moving average of $48.50.

Analyst Ratings Changes

DT has been the topic of a number of research reports. Wedbush assumed coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price target on the stock. BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Barclays raised Dynatrace from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price 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.