Swiss National Bank Trims Position in Dynatrace, Inc. (NYSE:DT)

Swiss National Bank trimmed its holdings in Dynatrace, Inc. (NYSE:DT) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,600 shares of the company’s stock after selling 21,900 shares during the period. Swiss National Bank’s holdings in Dynatrace were worth $42,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Dynatrace by 2.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock worth $416,000 after purchasing an additional 240 shares during the last quarter. Shell Asset Management Co. grew its stake in shares of Dynatrace by 1.7% during the third quarter. Shell Asset Management Co. now owns 16,011 shares of the company’s stock valued at $748,000 after buying an additional 263 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised 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 worth $420,000 after buying an additional 265 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in Dynatrace by 2.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,056 shares of the company’s stock valued at $517,000 after acquiring an additional 303 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 1,991 shares of Dynatrace stock in a transaction dated 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 transaction, the chief executive officer now owns 514,106 shares in the company, valued at approximately $26,687,242.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dynatrace news, CEO Rick M. Mcconnell sold 1,991 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the completion of the transaction, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the sale, the insider now directly owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,278,591 shares of company stock worth $750,893,396. Company insiders own 0.54% of the company’s stock.

Dynatrace Stock Up 3.1 %

Shares of DT opened at $47.20 on Tuesday. The stock’s 50-day moving average price is $46.51 and its 200-day moving average price is $50.76. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 71.52, a PEG ratio of 3.95 and a beta of 1.06. Dynatrace, Inc. has a 52 week low of $43.29 and a 52 week high of $61.41.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DT shares. Morgan Stanley initiated coverage on Dynatrace in a research report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 target price for the company. Rosenblatt Securities upped their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Scotiabank boosted their price target on shares of Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a report on Monday, February 5th. Truist Financial boosted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Barclays dropped their target price on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research report 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.08.

Dynatrace Company 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.