Dynatrace, Inc. (NYSE:DT) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Dynatrace, Inc. (NYSE:DT) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 202,825 shares of the company’s stock after acquiring an additional 25,183 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.07% of Dynatrace worth $11,088,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd lifted its stake in Dynatrace by 10.9% in the third quarter. Gulf International Bank UK Ltd now owns 22,120 shares of the company’s stock valued at $1,182,000 after acquiring an additional 2,167 shares during the last quarter. Portside Wealth Group LLC boosted its stake in Dynatrace by 20.3% during the 3rd quarter. Portside Wealth Group LLC now owns 6,393 shares of the company’s stock valued at $342,000 after purchasing an additional 1,077 shares during the period. Capital Performance Advisors LLP acquired a new stake in Dynatrace in the 3rd quarter valued at approximately $52,000. Assetmark Inc. grew its holdings in Dynatrace by 20.1% in the 3rd quarter. Assetmark Inc. now owns 39,354 shares of the company’s stock valued at $2,104,000 after buying an additional 6,581 shares during the last quarter. Finally, Atria Investments Inc increased its position in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

DT has been the topic of several research analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Wedbush restated an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. UBS Group upped their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Scotiabank lifted their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and a consensus price target of $63.25.

Dynatrace Stock Performance

Shares of DT stock opened at $52.36 on Friday. The stock has a market capitalization of $15.67 billion, a PE ratio of 32.72, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The stock’s fifty day moving average is $56.43 and its 200-day moving average is $54.50.

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.