Zurcher Kantonalbank Zurich Cantonalbank Sells 28,197 Shares of Dynatrace, Inc. (NYSE:DT)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,012 shares of the company's stock after selling 28,197 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dynatrace were worth $6,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after purchasing an additional 493,987 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after acquiring an additional 87,857 shares during the last quarter. Dragoneer Investment Group LLC acquired a new position in Dynatrace during the fourth quarter valued at approximately $242,380,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dynatrace by 53.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock valued at $211,707,000 after purchasing an additional 1,350,794 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Dynatrace in the fourth quarter worth $204,000,000. 94.28% of the stock is owned by institutional investors.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group boosted their price objective on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. The Goldman Sachs Group raised their target price on shares of Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada upped their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.35.

Dynatrace Price Performance

NYSE DT traded down $2.12 on Friday, hitting $50.49. 2,527,105 shares of the stock were exchanged, compared to its average volume of 2,228,002. The company has a market capitalization of $15.24 billion, a PE ratio of 31.56, a P/E/G ratio of 4.60 and a beta of 0.91. The business's fifty day moving average is $54.24 and its 200 day moving average is $52.50. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

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