Intrust Bank NA Acquires Shares of 4,190 Dynatrace, Inc. (NYSE:DT)

Intrust Bank NA bought a new position in Dynatrace, Inc. (NYSE:DT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,190 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors have also recently made changes to their positions in DT. Vanguard Group Inc. raised its position in Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after purchasing an additional 484,877 shares during the period. State Street Corp raised its holdings in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. American Century Companies Inc. lifted its stake in shares of Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after acquiring an additional 700,332 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Dynatrace by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock valued at $381,860,000 after acquiring an additional 834,225 shares during the period. Finally, Geode Capital Management LLC grew its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $48.39 on Monday. The stock’s fifty day moving average price is $55.52 and its 200 day moving average price is $54.45. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

Insider Transactions at Dynatrace

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the transaction, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,432 shares of company stock worth $7,159,599. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DT shares. Robert W. Baird set a $65.00 target price on Dynatrace in a research report on Friday, January 31st. Scotiabank boosted their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson set a $70.00 price target on Dynatrace in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price objective on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Dynatrace Company 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.