Zions Bancorporation N.A. Buys 6,908 Shares of Dynatrace, Inc. (NYSE:DT)

Zions Bancorporation N.A. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 20.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,887 shares of the company’s stock after purchasing an additional 6,908 shares during the quarter. Zions Bancorporation N.A.’s holdings in Dynatrace were worth $2,222,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DT. Smartleaf Asset Management LLC grew its position in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. increased its position in shares of Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Dynatrace by 173.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

DT has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $65.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Dynatrace Stock Up 1.0 %

Dynatrace stock opened at $51.19 on Wednesday. The business’s 50-day simple moving average is $55.61 and its 200 day simple moving average is $54.48. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00.

Insider Activity

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 value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by insiders.

About Dynatrace

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.