Bank Julius Baer & Co. Ltd Zurich Increases Stock Position in Dynatrace, Inc. (NYSE:DT)

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 202,825 shares of the company's stock after acquiring an additional 25,183 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.07% of Dynatrace worth $11,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DT. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dynatrace in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Dynatrace in the third quarter worth $52,000. Finally, UMB Bank n.a. increased its holdings in shares of Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $68,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DT. Truist Financial lifted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Barclays boosted their target price on Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $63.25.

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Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares of the company's stock, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company's stock.

Dynatrace Stock Down 0.1 %

DT stock traded down $0.04 during mid-day trading on Wednesday, reaching $49.27. 2,211,751 shares of the company traded hands, compared to its average volume of 3,247,174. The firm's 50 day moving average price is $56.22 and its 200 day moving average price is $54.52. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

Dynatrace Company 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.