US Bancorp DE Buys 4,820 Shares of Dynatrace, Inc. (NYSE:DT)

US Bancorp DE increased its stake in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 23.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,550 shares of the company’s stock after acquiring an additional 4,820 shares during the period. US Bancorp DE’s holdings in Dynatrace were worth $1,397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new stake in Dynatrace in the fourth quarter valued at approximately $25,000. NewSquare Capital LLC bought a new stake in Dynatrace in the fourth quarter valued at approximately $32,000. Planned Solutions Inc. bought a new stake in Dynatrace in the fourth quarter valued at approximately $38,000. Lindbrook Capital LLC raised its stake in Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after buying an additional 187 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Dynatrace in the fourth quarter valued at approximately $40,000. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America dropped their price objective on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday, May 24th. Wells Fargo & Company decreased their target price on Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. BMO Capital Markets decreased their target price on Dynatrace from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Finally, Robert W. Baird decreased their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.54.

View Our Latest Report on Dynatrace

Dynatrace Price Performance

NYSE DT opened at $45.73 on Monday. The business has a fifty day moving average price of $46.40 and a two-hundred day moving average price of $50.70. Dynatrace, Inc. has a fifty-two week low of $43.29 and a fifty-two week high of $61.41. The stock has a market capitalization of $13.60 billion, a PE ratio of 87.94, a PEG ratio of 6.91 and a beta of 1.06.

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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