Intrust Bank NA Invests $228,000 in Dynatrace, Inc. (NYSE:DT)

Intrust Bank NA purchased a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,190 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new position in Dynatrace during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. UMB Bank n.a. grew its position in Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in Dynatrace by 173.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock worth $78,000 after purchasing an additional 911 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

DT stock opened at $48.39 on Monday. The company’s fifty day moving average price is $55.52 and its 200-day moving average price is $54.45. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The company has a market capitalization of $14.48 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the sale, the chief executive officer now owns 506,720 shares of the company’s stock, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction on 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 directly owns 339,004 shares of the company’s stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the topic of a number of research reports. Robert W. Baird set a $65.00 price target on Dynatrace in a research note on Friday, January 31st. Stifel Nicolaus boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. DA Davidson set a $70.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Wells Fargo & Company set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $63.35.

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.