Korea Investment CORP Sells 147,720 Shares of Dynatrace, Inc. (NYSE:DT)

Korea Investment CORP lowered its stake in Dynatrace, Inc. (NYSE:DT) by 39.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,549 shares of the company’s stock after selling 147,720 shares during the period. Korea Investment CORP owned 0.08% of Dynatrace worth $12,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace during the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the period. UMB Bank n.a. raised its position 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 acquiring an additional 541 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Dynatrace by 173.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 1.3 %

Shares of DT opened at $48.39 on Monday. The firm has a fifty day simple moving average of $55.52 and a two-hundred day simple moving average of $54.45. The firm has a market cap of $14.48 billion, a PE ratio of 30.24, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial increased their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays lifted their price target 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. Rosenblatt Securities restated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, DA Davidson set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

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.