Dynatrace, Inc. (NYSE:DT) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 32.3% during the third quarter, HoldingsChannel.com reports. The firm owned 35,216 shares of the company’s stock after purchasing an additional 8,591 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dynatrace were worth $1,883,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DT. Bessemer Group Inc. lifted its position in shares of Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock valued at $284,000 after buying an additional 226 shares in the last quarter. Atria Investments Inc increased its holdings in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after acquiring an additional 240 shares in the last quarter. Riverview Trust Co lifted its holdings 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 in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in 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 grew its position in shares of Dynatrace by 3.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,980 shares of the company’s stock valued at $480,000 after purchasing an additional 270 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction dated 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. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 over the last ninety days. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DT shares. Loop Capital raised their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays raised Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Dynatrace Stock Performance

NYSE:DT opened at $52.35 on Friday. The stock has a market capitalization of $15.63 billion, a P/E ratio of 95.18, a PEG ratio of 7.52 and a beta of 1.06. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a 50 day moving average price of $53.25 and a 200 day moving average price of $48.64.

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.