Canandaigua National Bank & Trust Co. Makes New $245,000 Investment in Dynatrace, Inc. (NYSE:DT)

Canandaigua National Bank & Trust Co. purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,574 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DT. TD Asset Management Inc grew its stake in shares of Dynatrace by 34.3% in the fourth quarter. TD Asset Management Inc now owns 20,018 shares of the company’s stock valued at $1,095,000 after buying an additional 5,114 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Dynatrace by 103.1% in the fourth quarter. Bank of Nova Scotia now owns 12,018 shares of the company’s stock valued at $657,000 after purchasing an additional 6,101 shares during the last quarter. KBC Group NV boosted its holdings in Dynatrace by 174.4% in the fourth quarter. KBC Group NV now owns 43,178 shares of the company’s stock valued at $2,362,000 after purchasing an additional 27,441 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Dynatrace by 85.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,885 shares of the company’s stock valued at $705,000 after purchasing an additional 5,919 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Dynatrace by 485.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,613 shares of the company’s stock valued at $1,674,000 after purchasing an additional 25,386 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DT. Loop Capital reduced their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Guggenheim increased their price target on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Scotiabank increased their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets increased their price target on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $60.09.

Dynatrace Stock Performance

Shares of DT stock opened at $53.83 on Friday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a market cap of $16.05 billion, a PE ratio of 103.52, a price-to-earnings-growth ratio of 7.83 and a beta of 1.06. The business’s fifty day moving average is $49.42 and its 200-day moving average is $46.97.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts predict that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Insider Activity

In other news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Dan Zugelder sold 15,404 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,426 shares of company stock worth $3,804,069. 0.54% of the stock is owned by company insiders.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.