OVERSEA CHINESE BANKING Corp Ltd Has $5.96 Million Stake in Dynatrace, Inc. (NYSE:DT)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd has reduced its stake in Dynatrace, Inc. by 23.8%, selling 39,406 shares to hold a total of 126,425 shares worth approximately $5.96 million as of the end of the first quarter.
• Several large investors have shown increased interest in Dynatrace, with firms like Coppell Advisory Solutions and Huntington National Bank boosting their positions significantly by as much as 1,423.4% and 218.0% respectively.
• Dynatrace reported earnings of $0.33 per share for the last quarter, exceeding expectations, with revenue up 16.9% year-over-year, indicating a positive trend in performance.

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,425 shares of the company's stock after selling 39,406 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Dynatrace were worth $5,960,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace during the fourth quarter worth $204,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $211,707,000 after purchasing an additional 1,350,794 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Dynatrace during the fourth quarter worth $51,731,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Dynatrace by 587.0% during the first quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company's stock worth $47,139,000 after purchasing an additional 854,250 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the sale, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DT shares. UBS Group lifted their target price on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Wall Street Zen cut Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Royal Bank Of Canada lifted their target price on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Wedbush reiterated an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Finally, Morgan Stanley set a $55.00 target price on Dynatrace in a report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus target price of $62.35.

Dynatrace Stock Performance

Shares of DT traded down $0.12 during trading hours on Wednesday, reaching $50.41. 6,627,903 shares of the company traded hands, compared to its average volume of 2,967,499. The stock's fifty day moving average is $54.08 and its 200 day moving average is $52.50. The stock has a market cap of $15.21 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The business had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. On average, equities research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

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.