Zions Bancorporation N.A. grew its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,887 shares of the company's stock after purchasing an additional 6,908 shares during the quarter. Zions Bancorporation N.A.'s holdings in Dynatrace were worth $2,222,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in DT. EntryPoint Capital LLC purchased a new position in Dynatrace during the 4th quarter valued at about $353,000. Prudential Financial Inc. grew its position in shares of Dynatrace by 244.4% in the 4th quarter. Prudential Financial Inc. now owns 275,400 shares of the company's stock worth $14,417,000 after buying an additional 195,438 shares during the last quarter. United Services Automobile Association increased its stake in shares of Dynatrace by 6.3% during the fourth quarter. United Services Automobile Association now owns 18,918 shares of the company's stock valued at $1,028,000 after buying an additional 1,125 shares during the period. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after acquiring an additional 484,877 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Dynatrace by 24.4% in the fourth quarter. LPL Financial LLC now owns 204,088 shares of the company's stock worth $10,967,000 after acquiring an additional 40,004 shares during the period. Institutional investors own 94.28% of the company's stock.
Insider Buying and Selling at Dynatrace
In related news, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 in the last quarter. 0.59% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
DT has been the topic of a number of research analyst reports. Wedbush reissued an "outperform" rating and set a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.35.
Get Our Latest Research Report on DT
Dynatrace Stock Performance
Shares of DT traded down $0.63 during midday trading on Friday, hitting $48.39. 3,052,540 shares of the company traded hands, compared to its average volume of 3,210,414. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 7.05 and a beta of 1.12. The firm has a 50 day moving average of $55.52 and a 200-day moving average of $54.43. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00.
About Dynatrace
(
Free Report)
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.
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