Swiss National Bank Has $45.75 Million Position in Dynatrace, Inc. (NYSE:DT)

Swiss National Bank lifted its stake in Dynatrace, Inc. (NYSE:DT) by 0.1% during the fourth quarter, HoldingsChannel reports. The fund owned 841,701 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank’s holdings in Dynatrace were worth $45,746,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after acquiring an additional 206 shares during the last quarter. Virtue Capital Management LLC increased its stake in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DT shares. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a report on Friday, January 31st. UBS Group upped their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.25.

Dynatrace Stock Up 2.4 %

NYSE:DT opened at $48.45 on Monday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market capitalization of $14.50 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The firm has a 50-day moving average price of $55.85 and a 200 day moving average price of $54.48.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock valued at $7,159,599 over the last quarter. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.