Commerce Bank Sells 2,656 Shares of Dynatrace, Inc. (NYSE:DT)

Commerce Bank reduced its stake in Dynatrace, Inc. (NYSE:DT) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,816 shares of the company’s stock after selling 2,656 shares during the period. Commerce Bank’s holdings in Dynatrace were worth $4,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DT. Contravisory Investment Management Inc. purchased a new position in shares of Dynatrace in the 4th quarter worth $25,000. NewSquare Capital LLC purchased a new position in shares of Dynatrace in the 4th quarter worth $32,000. Planned Solutions Inc. purchased a new position in shares of Dynatrace in the 4th quarter worth $38,000. Lindbrook Capital LLC grew its stake in shares of Dynatrace by 35.9% in the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Dynatrace in the 4th quarter worth $40,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DT has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Wells Fargo & Company dropped their price target on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 16th. Robert W. Baird dropped their price target on shares of Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Finally, Bank of America dropped their price target on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.54.

Dynatrace Price Performance

DT stock opened at $46.93 on Monday. The firm’s fifty day simple moving average is $46.42 and its 200-day simple moving average is $50.87. The company has a market capitalization of $13.95 billion, a P/E ratio of 90.25, a price-to-earnings-growth ratio of 6.87 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $43.29 and a 12 month high of $61.41.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.