Commerce Bank Increases Position in Dynatrace, Inc. (NYSE:DT)

Commerce Bank increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 33.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,213 shares of the company’s stock after buying 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC acquired a new position in shares of Dynatrace in the second quarter valued at approximately $1,295,000. Assenagon Asset Management S.A. increased its stake in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after buying an additional 2,030,915 shares during the period. Crossmark Global Holdings Inc. raised its position in Dynatrace by 56.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock worth $1,406,000 after buying an additional 9,444 shares during the last quarter. Walter Public Investments Inc. boosted 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 acquiring an additional 35,626 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Dynatrace by 102.2% during the first quarter. Quadrature Capital Ltd now owns 80,995 shares of the company’s stock worth $3,758,000 after acquiring an additional 40,944 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance

NYSE:DT opened at $52.55 on Friday. The firm has a market cap of $15.69 billion, a PE ratio of 95.55, a P/E/G ratio of 7.54 and a beta of 1.06. The firm has a 50 day simple moving average of $53.34 and a 200-day simple moving average of $48.79. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $64.00 in a report on Monday, October 7th. Jefferies Financial Group upped their price target 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. Finally, BTIG Research raised their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Insider Buying and Selling at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, 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 three months, insiders sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.59% of the company’s stock.

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.