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

Commerce Bank raised its position in Dynatrace, Inc. (NYSE:DT) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 128,328 shares of the company’s stock after purchasing an additional 4,115 shares during the quarter. Commerce Bank’s holdings in Dynatrace were worth $6,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpha DNA Investment Management LLC bought a new stake in Dynatrace in the fourth quarter valued at $776,000. Canada Pension Plan Investment Board boosted its stake in shares of Dynatrace by 657.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 28,800 shares of the company’s stock valued at $1,565,000 after purchasing an additional 25,000 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Dynatrace during the 4th quarter valued at about $109,000. NewEdge Advisors LLC raised its stake in Dynatrace by 14.4% in the fourth quarter. NewEdge Advisors LLC now owns 7,289 shares of the company’s stock worth $396,000 after buying an additional 916 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Dynatrace in the fourth quarter worth about $1,240,000. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DT has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group upped their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on shares of Dynatrace from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Buying and Selling at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,432 shares of company stock valued at $7,159,599. Company insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $43.08 on Friday. The stock has a market capitalization of $12.90 billion, a PE ratio of 26.93, a P/E/G ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company’s fifty day simple moving average is $50.91 and its 200-day simple moving average is $53.47.

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.