Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Position in Dynatrace, Inc. (NYSE:DT)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Dynatrace, Inc. (NYSE:DT) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,816 shares of the company’s stock after selling 43,956 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dynatrace were worth $7,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DT. Cota Capital Management LLC lifted its stake in shares of Dynatrace by 31.5% during the 3rd quarter. Cota Capital Management LLC now owns 101,936 shares of the company’s stock worth $5,451,000 after purchasing an additional 24,437 shares during the period. True Vision MN LLC acquired a new position in Dynatrace in the third quarter valued at $431,000. RGM Capital LLC lifted its position in Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after buying an additional 494,028 shares during the period. MetLife Investment Management LLC boosted its stake in Dynatrace by 20.3% in the 3rd quarter. MetLife Investment Management LLC now owns 167,341 shares of the company’s stock worth $8,948,000 after buying an additional 28,258 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in Dynatrace by 3.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 883,885 shares of the company’s stock valued at $47,261,000 after buying an additional 33,013 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DT has been the topic of several research analyst reports. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BNP Paribas started coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. UBS Group began coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.36.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock valued at $3,397,904 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Trading Up 1.3 %

DT stock opened at $56.19 on Monday. The firm has a 50 day simple moving average of $53.82 and a 200-day simple moving average of $49.20. The company has a market capitalization of $16.77 billion, a P/E ratio of 102.16, a PEG ratio of 8.21 and a beta of 1.06. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

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.