Swiss National Bank Trims Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Posted by Defense World Staff on May 12th, 2023

Swiss National Bank trimmed its position in Dynatrace, Inc. (NYSE:DT – Get Rating) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,500 shares of the company’s stock after selling 51,891 shares during the period. Swiss National Bank owned 0.28% of Dynatrace worth $31,310,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DT. Wipfli Financial Advisors LLC purchased a new stake in Dynatrace in the third quarter worth about $30,000. Zions Bancorporation N.A. purchased a new stake in Dynatrace in the third quarter worth about $51,000. Ellevest Inc. purchased a new stake in Dynatrace in the third quarter worth about $67,000. Canada Pension Plan Investment Board purchased a new stake in Dynatrace in the first quarter worth about $85,000. Finally, Assetmark Inc. increased its position in Dynatrace by 93.3% in the third quarter. Assetmark Inc. now owns 2,637 shares of the company’s stock worth $92,000 after buying an additional 1,273 shares in the last quarter. 97.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dynatrace news, SVP Bernd Greifeneder sold 4,972 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $43.49, for a total transaction of $216,232.28. Following the completion of the sale, the senior vice president now directly owns 932,617 shares in the company, valued at approximately $40,559,513.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Matthias Dollentz-Scharer sold 2,314 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $43.49, for a total value of $100,635.86. Following the completion of the sale, the insider now directly owns 68,779 shares in the company, valued at $2,991,198.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bernd Greifeneder sold 4,972 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $43.49, for a total value of $216,232.28. Following the completion of the sale, the senior vice president now owns 932,617 shares of the company’s stock, valued at $40,559,513.33. The disclosure for this sale can be found here. In the last three months, insiders sold 15,614 shares of company stock worth $679,053. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DT. JMP Securities reiterated a “market outperform” rating and set a $50.00 target price on shares of Dynatrace in a research report on Friday, February 3rd. Rosenblatt Securities raised their price target on Dynatrace from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. BMO Capital Markets raised their price target on Dynatrace from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. Credit Suisse Group raised their price target on Dynatrace from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, Stifel Nicolaus initiated coverage on Dynatrace in a research note on Thursday, March 23rd. They set a “buy” rating and a $45.00 price target for the company. Six research analysts have rated the stock with a hold rating and fourteen have issued a 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 $47.00.

Dynatrace Trading Up 1.5 %

NYSE DT opened at $46.96 on Friday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 469.60, a PEG ratio of 4.71 and a beta of 1.11. Dynatrace, Inc. has a twelve month low of $29.41 and a twelve month high of $48.00. The stock has a 50-day moving average of $41.49 and a 200 day moving average of $39.60.

About Dynatrace

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Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.