Dynatrace, Inc. $DT Shares Newly Bought by First Citizens Bank & Trust Co.

by · The Markets Daily

First Citizens Bank & Trust Co. acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,382 shares of the company’s stock, valued at approximately $946,000.

A number of other hedge funds also recently bought and sold shares of DT. Krilogy Financial LLC boosted its holdings in shares of Dynatrace by 38.1% during the 3rd quarter. Krilogy Financial LLC now owns 12,196 shares of the company’s stock worth $704,000 after purchasing an additional 3,367 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in shares of Dynatrace in the third quarter valued at approximately $247,000. NorthCrest Asset Manangement LLC increased its holdings in shares of Dynatrace by 52.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,739 shares of the company’s stock valued at $534,000 after purchasing an additional 3,004 shares during the last quarter. Riversedge Advisors LLC purchased a new position in Dynatrace during the third quarter worth approximately $300,000. Finally, GAMMA Investing LLC lifted its position in Dynatrace by 16.1% during the third quarter. GAMMA Investing LLC now owns 12,745 shares of the company’s stock worth $736,000 after buying an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the transaction, the executive vice president owned 904,846 shares of the company’s stock, valued at approximately $51,766,239.66. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of recent research reports. Cantor Fitzgerald boosted their price objective on Dynatrace from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. DA Davidson raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Truist Financial lifted their price target on Dynatrace from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 14th. UBS Group boosted their price target on shares of Dynatrace from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Finally, Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $65.00 in a research report on Tuesday, August 25th. Twenty-four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.89.

Get Our Latest Analysis on Dynatrace

Dynatrace Price Performance

NYSE DT opened at $61.07 on Friday. The firm’s 50-day moving average is $55.00 and its two-hundred day moving average is $45.70. Dynatrace, Inc. has a 12 month low of $31.64 and a 12 month high of $66.30. The stock has a market capitalization of $17.65 billion, a P/E ratio of 122.13, a PEG ratio of 3.92 and a beta of 0.77.

Dynatrace (NYSE:DT – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, analysts anticipate that Dynatrace, Inc. will post 1.11 EPS for the current year.

Dynatrace Profile

(Free Report)

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

See Also

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