Oppenheimer Asset Management Inc. Boosts Position in Dynatrace, Inc. (NYSE:DT)

Oppenheimer Asset Management Inc. raised its stake in Dynatrace, Inc. (NYSE:DT) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,216 shares of the company’s stock after buying an additional 8,591 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dynatrace were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in DT. Bessemer Group Inc. raised its holdings in shares of Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after acquiring an additional 226 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares in the last quarter. Riverview Trust Co lifted its position in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after purchasing an additional 266 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Dynatrace by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock valued at $480,000 after buying an additional 270 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DT has been the subject of a number of analyst reports. Wedbush assumed coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price for the company. Guggenheim upped their price objective on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Dynatrace Price Performance

DT stock opened at $52.35 on Friday. The firm’s fifty day simple moving average is $53.25 and its 200-day simple moving average is $48.64. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a market capitalization of $15.63 billion, a P/E ratio of 95.18, a price-to-earnings-growth ratio of 7.52 and a beta of 1.06.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is owned by 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.