Dynatrace, Inc. (NYSE:DT) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,687 shares of the company’s stock after buying an additional 6,555 shares during the period. Vontobel Holding Ltd.’s holdings in Dynatrace were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its position in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after buying an additional 223 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Dynatrace by 3.0% in the third quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after purchasing an additional 234 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after purchasing an additional 240 shares during the period. Shell Asset Management Co. increased its holdings in shares of Dynatrace by 1.7% in the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after purchasing an additional 263 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Dynatrace by 3.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,988 shares of the company’s stock valued at $420,000 after purchasing an additional 265 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Dynatrace Trading Down 1.9 %

Shares of DT stock opened at $45.40 on Friday. The company has a market capitalization of $13.37 billion, a P/E ratio of 68.79, a P/E/G ratio of 3.81 and a beta of 1.07. The business’s 50 day moving average is $47.55 and its two-hundred day moving average is $50.83. Dynatrace, Inc. has a 12-month low of $40.43 and a 12-month high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. On average, research analysts predict that Dynatrace, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DT shares. Morgan Stanley started coverage on Dynatrace in a report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Wolfe Research began coverage on Dynatrace in a report on Monday, March 18th. They issued an “outperform” rating and a $60.00 price objective on the stock. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Friday, February 2nd. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.08.

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.