OVERSEA CHINESE BANKING Corp Ltd Cuts Position in Dynatrace, Inc. $DT

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Dynatrace, Inc. (NYSE:DT) by 22.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,510 shares of the company’s stock after selling 27,915 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Dynatrace were worth $5,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. Eastern Bank purchased a new stake in Dynatrace in the second quarter worth about $35,000. Brooklyn Investment Group grew its holdings in shares of Dynatrace by 761.9% during the first quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 800 shares during the last quarter. CX Institutional grew its holdings in shares of Dynatrace by 42.6% during the second quarter. CX Institutional now owns 1,221 shares of the company’s stock valued at $67,000 after buying an additional 365 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company’s stock valued at $76,000 after buying an additional 921 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in shares of Dynatrace by 36.1% during the first quarter. Archer Investment Corp now owns 2,075 shares of the company’s stock valued at $98,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 0.7%

Shares of Dynatrace stock opened at $50.27 on Monday. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 4.44 and a beta of 0.88. The company’s 50 day moving average is $49.07 and its 200 day moving average is $50.47. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the transaction, the chief accounting officer directly owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Zugelder sold 7,503 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total transaction of $375,150.00. Following the completion of the transaction, the executive vice president owned 1,420 shares in the company, valued at $71,000. The trade was a 84.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,602 shares of company stock worth $529,579. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DT shares. Wells Fargo & Company started coverage on Dynatrace in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $65.00 price target for the company. Citigroup decreased their price target on Dynatrace from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Guggenheim boosted their price target on Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Oppenheimer started coverage on Dynatrace in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, BMO Capital Markets decreased their price target on Dynatrace from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.96.

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.