Zions Bancorporation National Association UT Makes New Investment in Dynatrace, Inc. (NYSE:DT)

Key Points

• Zions Bancorporation National Association UT acquired a new position in Dynatrace, Inc., purchasing 42,767 shares valued at approximately $2.02 million during the first quarter.
• Institutional investors collectively own 94.28% of Dynatrace's stock, with several firms increasing their stakes significantly, including Keybank National Association and Bridges Investment Management Inc.
• Dynatrace's stock price has seen fluctuations, with a seen high of $63.00 and a low of $39.30 within the past year, indicating notable volatility in trading performance.

Zions Bancorporation National Association UT acquired a new position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 42,767 shares of the company's stock, valued at approximately $2,016,000.

Other large investors also recently bought and sold shares of the company. Keybank National Association OH grew its position in shares of Dynatrace by 30.0% in the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock worth $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Dynatrace by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Dynatrace during the first quarter worth $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in Dynatrace during the first quarter worth $3,846,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction 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 this hyperlink. 0.57% of the stock is currently owned by company insiders.

Dynatrace Trading Up 1.5%

DT traded up $0.71 on Tuesday, hitting $46.75. 4,856,065 shares of the company's stock were exchanged, compared to its average volume of 3,046,258. The firm has a market cap of $14.10 billion, a PE ratio of 28.68, a P/E/G ratio of 3.97 and a beta of 0.91. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a fifty day moving average of $53.56 and a two-hundred day moving average of $52.31.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. Dynatrace's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DT shares. Royal Bank Of Canada increased their price objective on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. DA Davidson raised their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays raised their price target on Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

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.