Dynatrace, Inc. (NYSE:DT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of Dynatrace, Inc. (NYSE:DT) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 140,852 shares of the company’s stock after selling 1,756 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dynatrace were worth $7,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in Dynatrace in the second quarter worth $32,000. Riverview Trust Co increased its stake in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. Finally, Paladin Wealth LLC bought a new position in shares of Dynatrace in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Trading Up 0.2 %

Shares of NYSE DT opened at $56.42 on Friday. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41. The firm has a 50-day moving average of $54.70 and a two-hundred day moving average of $49.78. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 102.58, a PEG ratio of 8.52 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DT shares. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Scotiabank upped their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. BMO Capital Markets upped their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Guggenheim raised their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,027 shares of company stock worth $5,743,084 in the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

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.