CIBC Private Wealth Group LLC Grows Holdings in Dynatrace, Inc. (NYSE:DT)

CIBC Private Wealth Group LLC boosted its holdings in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 85.0% during the 4th quarter, HoldingsChannel reports. The firm owned 12,885 shares of the company’s stock after purchasing an additional 5,919 shares during the period. CIBC Private Wealth Group LLC’s holdings in Dynatrace were worth $705,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $148,515,000. American Century Companies Inc. boosted its position in shares of Dynatrace by 11,824.1% during the 3rd quarter. American Century Companies Inc. now owns 2,411,771 shares of the company’s stock worth $112,702,000 after purchasing an additional 2,391,545 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dynatrace by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,916,034 shares of the company’s stock worth $1,117,596,000 after purchasing an additional 1,940,604 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Dynatrace by 104.7% during the 4th quarter. Handelsbanken Fonder AB now owns 1,868,800 shares of the company’s stock worth $102,205,000 after purchasing an additional 956,000 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Dynatrace in the 4th quarter valued at about $45,152,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Up 0.8 %

Shares of NYSE DT opened at $46.54 on Tuesday. Dynatrace, Inc. has a 52-week low of $43.29 and a 52-week high of $61.41. The stock has a market capitalization of $13.84 billion, a P/E ratio of 89.49, a PEG ratio of 6.97 and a beta of 1.05. The stock’s 50 day moving average price is $46.42 and its two-hundred day moving average price is $50.47.

Dynatrace (NYSE:DTGet Free Report) last released its earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

DT has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Morgan Stanley started coverage on Dynatrace in a report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price target for the company. TD Cowen cut their price objective 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. Capital One Financial started coverage on Dynatrace in a report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on Dynatrace from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.54.

Read Our Latest Report on Dynatrace

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Dan Zugelder sold 18,870 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the sale, the executive vice president now owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the transaction, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

About Dynatrace

(Free Report)

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.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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