TT International Asset Management LTD Lowers Holdings in Dynatrace, Inc. (NYSE:DT)

TT International Asset Management LTD decreased its position in Dynatrace, Inc. (NYSE:DT) by 24.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 69,284 shares of the company’s stock after selling 21,879 shares during the quarter. Dynatrace comprises 0.6% of TT International Asset Management LTD’s investment portfolio, making the stock its 22nd biggest position. TT International Asset Management LTD’s holdings in Dynatrace were worth $3,765,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Riverview Trust Co increased its position in shares of Dynatrace by 70.6% during the 3rd 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. Paladin Wealth LLC purchased a new stake in shares of Dynatrace in the 3rd quarter worth $38,000. UMB Bank n.a. lifted its holdings in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace in the 3rd quarter worth $52,000. Finally, Park Place Capital Corp lifted its holdings in shares of Dynatrace by 48.6% in the 3rd quarter. Park Place Capital Corp now owns 1,412 shares of the company’s stock worth $76,000 after buying an additional 462 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $50.64 on Monday. The company has a market capitalization of $15.12 billion, a PE ratio of 92.07, a P/E/G ratio of 7.93 and a beta of 1.02. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a 50-day moving average of $54.63 and a 200-day moving average of $51.10.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial raised their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. BNP Paribas started coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.