Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,824 shares of the company’s stock after buying an additional 4,732 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dynatrace were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ardsley Advisory Partners LP bought a new stake in shares of Dynatrace during the third quarter valued at about $1,881,000. Raymond James & Associates lifted its stake in Dynatrace by 10.8% in the 4th quarter. Raymond James & Associates now owns 235,222 shares of the company’s stock worth $12,864,000 after purchasing an additional 22,903 shares in the last quarter. United Asset Strategies Inc. bought a new position in Dynatrace in the 4th quarter valued at $1,556,000. Ameriprise Financial Inc. grew its position in shares of Dynatrace by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,448 shares of the company’s stock valued at $188,717,000 after purchasing an additional 375,463 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Dynatrace by 24.1% in the third quarter. Bamco Inc. NY now owns 694,360 shares of the company’s stock worth $32,447,000 after purchasing an additional 134,792 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays reduced their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Wolfe Research started coverage on shares of Dynatrace in a research report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. TD Cowen decreased their price target on shares of Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Dynatrace in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.08.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Dan Zugelder sold 6,595 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $52.61, for a total transaction of $346,962.95. Following the transaction, the senior vice president now owns 89,425 shares in the company, valued at $4,704,649.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 1,991 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the sale, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The disclosure for this sale can be found here. Insiders sold a total of 14,278,591 shares of company stock worth $750,893,396 in the last three months. Insiders own 0.54% of the company’s stock.

Dynatrace Trading Up 1.5 %

NYSE DT opened at $46.23 on Wednesday. The stock’s fifty day moving average price is $47.30 and its 200-day moving average price is $50.87. The stock has a market cap of $13.61 billion, a P/E ratio of 70.05, a P/E/G ratio of 3.89 and a beta of 1.07. Dynatrace, Inc. has a 12 month low of $40.43 and a 12 month high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Dynatrace Profile

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.