Canandaigua National Bank & Trust Co. Lowers Holdings in Dynatrace, Inc. (NYSE:DT)

Canandaigua National Bank & Trust Co. reduced its stake in Dynatrace, Inc. (NYSE:DT) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,998 shares of the company’s stock after selling 576 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Dynatrace were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter worth $26,000. Riverview Trust Co raised its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the last quarter. Paladin Wealth LLC purchased a new stake in shares of Dynatrace during the 3rd quarter valued at about $38,000. UMB Bank n.a. grew its stake in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Dynatrace during the third quarter valued at approximately $52,000. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,027 shares of company stock valued at $3,168,084 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DT. Wedbush began coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price for the company. Scotiabank boosted their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BNP Paribas assumed coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Trading Down 2.5 %

Shares of Dynatrace stock opened at $52.19 on Wednesday. The firm has a market cap of $15.58 billion, a PE ratio of 94.89, a PEG ratio of 8.20 and a beta of 1.02. The stock has a 50 day moving average of $54.79 and a 200 day moving average of $50.94. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41.

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.