Swiss National Bank Sells 21,900 Shares of Dynatrace, Inc. (NYSE:DT)

Swiss National Bank decreased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 779,600 shares of the company's stock after selling 21,900 shares during the quarter. Swiss National Bank owned about 0.26% of Dynatrace worth $42,636,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Dynatrace by 34.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company's stock worth $1,407,000 after buying an additional 7,720 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Dynatrace in the third quarter worth about $290,000. New York State Teachers Retirement System grew its stake in shares of Dynatrace by 10.6% during the 3rd quarter. New York State Teachers Retirement System now owns 171,715 shares of the company's stock valued at $8,024,000 after purchasing an additional 16,448 shares during the period. Strs Ohio increased its position in shares of Dynatrace by 0.4% during the 3rd quarter. Strs Ohio now owns 483,129 shares of the company's stock valued at $22,576,000 after purchasing an additional 2,045 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Dynatrace by 2.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 43,640 shares of the company's stock worth $2,039,000 after purchasing an additional 980 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the transaction, the chief executive officer now owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dynatrace news, insider Matthias Dollentz-Scharer sold 2,076 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $107,765.16. Following the completion of the transaction, the insider now directly owns 72,645 shares of the company's stock, valued at approximately $3,771,001.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now directly owns 477,105 shares of the company's stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,278,591 shares of company stock valued at $750,893,396. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DT. Barclays decreased their price target on shares of Dynatrace from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 20th. Rosenblatt Securities increased their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Citigroup boosted their target price on shares of Dynatrace from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $70.00 and gave the company a "sector outperform" rating in a report on Monday, February 5th. Finally, JMP Securities boosted their price target on shares of Dynatrace from $56.00 to $68.00 and gave the stock a "market outperform" rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Dynatrace has an average rating of "Moderate Buy" and an average price target of $61.08.

Dynatrace Stock Performance

DT stock traded down $0.43 during midday trading on Tuesday, hitting $46.77. 3,446,106 shares of the stock were exchanged, compared to its average volume of 3,548,416. The stock's 50-day moving average price is $46.47 and its 200-day moving average price is $50.76. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 70.86, a PEG ratio of 3.95 and a beta of 1.06. Dynatrace, Inc. has a fifty-two week low of $43.29 and a fifty-two week high of $61.41.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analysts' expectations of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. Research analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.