OVERSEA CHINESE BANKING Corp Ltd Grows Stock Holdings in Dynatrace, Inc. (NYSE:DT)

OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Dynatrace, Inc. (NYSE:DT) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,218 shares of the company’s stock after buying an additional 5,387 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.06% of Dynatrace worth $8,073,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dragoneer Investment Group LLC acquired a new position in shares of Dynatrace during the fourth quarter valued at about $242,380,000. Alyeska Investment Group L.P. acquired a new position in shares of Dynatrace during the fourth quarter valued at about $204,000,000. Norges Bank acquired a new position in shares of Dynatrace during the fourth quarter valued at about $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dynatrace by 53.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company’s stock valued at $211,707,000 after acquiring an additional 1,350,794 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Dynatrace during the fourth quarter valued at about $51,731,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $52.49 on Tuesday. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91. The business’s 50 day moving average price is $53.71 and its 200-day moving average price is $52.46.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Barclays upped their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Wall Street Zen lowered shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.26.

Insider Activity at Dynatrace

In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

About Dynatrace

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.