Banque Cantonale Vaudoise Acquires Shares of 25,186 Dynatrace, Inc. (NYSE:DT)

Key Points

• Banque Cantonale Vaudoise recently acquired 25,186 shares of Dynatrace, Inc., amounting to approximately $1,188,000, signaling increasing institutional interest in the company.
• Analysts have adjusted price targets for Dynatrace, with estimates rising from $55 to $64, reflecting a consensus rating of "Moderate Buy" and a price target of $62.35.
• Insider selling occurred as EVP Dan Zugelder sold 15,824 shares at an average price of $54.52, reducing his ownership by nearly 48%.

Banque Cantonale Vaudoise acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,186 shares of the company's stock, valued at approximately $1,188,000.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its stake in Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional bought a new position in shares of Dynatrace during the first quarter valued at approximately $40,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dynatrace in the first quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their target price on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. The Goldman Sachs Group lifted their price objective on shares of Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays upped their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, Guggenheim raised shares of Dynatrace from a "neutral" rating to a "buy" rating and set a $66.00 price target for the company in a research note on Wednesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.35.

Insider Buying and Selling

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president owned 17,242 shares in the company, valued at $940,033.84. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% of the company's stock.

Dynatrace Price Performance

NYSE DT opened at $52.64 on Friday. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 4.71 and a beta of 0.91. The stock's fifty day moving average price is $54.24 and its 200 day moving average price is $52.50. Dynatrace, Inc. has a 1 year low of $39.30 and a 1 year high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company's revenue was up 16.9% on a year-over-year basis. Research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.

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