Temasek Holdings Private Ltd Purchases 58,139 Shares of Dynatrace, Inc. (NYSE:DT)

Temasek Holdings Private Ltd increased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 855,903 shares of the company's stock after purchasing an additional 58,139 shares during the quarter. Temasek Holdings Private Ltd owned 0.29% of Dynatrace worth $45,765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DT. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC bought a new stake in Dynatrace in the second quarter valued at approximately $32,000. Riverview Trust Co lifted its position in shares of Dynatrace by 70.6% in 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. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock worth $38,000 after acquiring an additional 535 shares during the last quarter. Finally, Paladin Wealth LLC bought a new position in Dynatrace during the third quarter worth $38,000. Institutional investors own 94.28% of the company's stock.

Dynatrace Stock Down 0.4 %

DT traded down $0.21 during trading on Friday, hitting $58.42. 1,171,718 shares of the company's stock were exchanged, compared to its average volume of 3,361,837. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock has a market cap of $17.44 billion, a P/E ratio of 106.67, a PEG ratio of 8.37 and a beta of 1.01. The business's 50 day moving average is $54.27 and its two-hundred day moving average is $49.46.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $65.00 price objective on shares of Dynatrace in a research report on Wednesday, November 6th. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a report on Friday, September 27th. Loop Capital boosted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets upped their price target 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. Finally, Barclays boosted their price target on Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.48.

Insider Transactions at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

Dynatrace Company 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.