UMB Bank n.a. Boosts Stake in Dynatrace, Inc. (NYSE:DT)

UMB Bank n.a. lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 75.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,259 shares of the company’s stock after acquiring an additional 541 shares during the quarter. UMB Bank n.a.’s holdings in Dynatrace were worth $68,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Retirement Systems of Alabama grew its holdings in Dynatrace by 21.9% during the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock worth $19,350,000 after acquiring an additional 64,999 shares in the last quarter. Geode Capital Management LLC grew its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares in the last quarter. Synovus Financial Corp increased its holdings in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Dynatrace by 56.0% during the third quarter. Crossmark Global Holdings Inc. now owns 26,303 shares of the company’s stock valued at $1,406,000 after buying an additional 9,444 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Dynatrace during the third quarter valued at approximately $600,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Up 1.6 %

Shares of NYSE DT opened at $55.64 on Friday. The stock’s fifty day simple moving average is $54.25 and its 200 day simple moving average is $51.47. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 101.16, a PEG ratio of 7.94 and a beta of 1.02. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Analysts Set New Price Targets

Several brokerages recently issued reports on DT. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. BNP Paribas assumed coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Wednesday. Finally, Jefferies Financial Group increased their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.68.

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.