Vontobel Holding Ltd. decreased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 63.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,066 shares of the company's stock after selling 8,837 shares during the period. Vontobel Holding Ltd.'s holdings in Dynatrace were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in DT. Dragoneer Investment Group LLC bought a new position in Dynatrace during the 4th quarter worth $242,380,000. Alyeska Investment Group L.P. bought a new stake in Dynatrace in the fourth quarter valued at approximately $204,000,000. Norges Bank bought a new position in Dynatrace during the 4th quarter worth approximately $192,284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dynatrace by 53.1% in the 4th 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 during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Dynatrace during the fourth quarter valued at $51,731,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DT has been the topic of several recent analyst reports. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Bank of America increased their target price on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wedbush reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. BMO Capital Markets upped their target price on Dynatrace from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, UBS Group increased their target price on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.
Check Out Our Latest Analysis on DT
Dynatrace Price Performance
Shares of Dynatrace stock traded down $0.01 during trading hours on Wednesday, reaching $56.25. The company had a trading volume of 1,836,714 shares, compared to its average volume of 2,986,840. The firm has a market cap of $16.86 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 4.95 and a beta of 0.91. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The business has a fifty day simple moving average of $53.25 and a 200 day simple moving average of $52.52.
Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.
Insider Transactions at Dynatrace
In other news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company's stock.
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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