Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Dynatrace, Inc. (NYSE:DT)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dynatrace, Inc. (NYSE:DT) by 12.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,824 shares of the company’s stock after acquiring an additional 4,732 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dynatrace were worth $2,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. United Asset Strategies Inc. purchased a new stake in shares of Dynatrace in the 4th quarter worth $1,556,000. Private Client Services LLC purchased a new position in Dynatrace during the 4th quarter valued at about $743,000. Cornercap Investment Counsel Inc. raised its holdings in shares of Dynatrace by 1.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 19,923 shares of the company’s stock valued at $1,090,000 after purchasing an additional 309 shares in the last quarter. Strs Ohio lifted its position in shares of Dynatrace by 28.3% in the 4th quarter. Strs Ohio now owns 620,083 shares of the company’s stock worth $33,912,000 after purchasing an additional 136,954 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its stake in shares of Dynatrace by 13.6% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 182,645 shares of the company’s stock valued at $9,989,000 after purchasing an additional 21,880 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Up 1.5 %

Shares of NYSE:DT opened at $46.23 on Wednesday. Dynatrace, Inc. has a 52-week low of $40.43 and a 52-week high of $61.41. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 70.05, a PEG ratio of 3.89 and a beta of 1.07. The business has a 50-day moving average price of $47.30 and a 200-day moving average price of $50.87.

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

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was 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 owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Dan Zugelder sold 6,595 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 89,425 shares in the company, valued at approximately $4,704,649.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders sold a total of 14,278,591 shares of company stock valued at $750,893,396 over the last 90 days. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

DT has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Dynatrace in a report on Friday, February 9th. JMP Securities lifted their target price on Dynatrace from $56.00 to $68.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Truist Financial raised their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Barclays reduced their price objective on shares of Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.08.

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.