Oppenheimer Asset Management Inc. Sells 3,088 Shares of Dynatrace, Inc. (NYSE:DT)

Oppenheimer Asset Management Inc. lessened its stake in shares of Dynatrace, Inc. (NYSE:DT) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,128 shares of the company’s stock after selling 3,088 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dynatrace were worth $1,746,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace during the 3rd quarter valued at about $52,000. UMB Bank n.a. lifted its stake in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after buying an additional 527 shares during the last quarter. Finally, Financial Life Planners purchased a new position in shares of Dynatrace in the fourth quarter worth approximately $83,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock valued at $10,052,682 in the last ninety days. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, UBS Group raised their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Trading Down 2.7 %

Shares of NYSE:DT opened at $55.70 on Tuesday. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $63.00. The company has a 50-day moving average price of $56.48 and a 200 day moving average price of $54.41.

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.