Walter Public Investments Inc. lowered its stake in Dynatrace, Inc. (NYSE:DT – Free Report) by 78.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,930 shares of the company’s stock after selling 175,106 shares during the quarter. Walter Public Investments Inc.’s holdings in Dynatrace were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Dynatrace in the fourth quarter worth approximately $26,000. RHL Group LLC purchased a new stake in shares of Dynatrace in the 4th quarter valued at approximately $30,000. Brown Lisle Cummings Inc. lifted its position in shares of Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after acquiring an additional 547 shares in the last quarter. Larson Financial Group LLC boosted its stake in Dynatrace by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after purchasing an additional 508 shares during the period. Finally, True Wealth Design LLC boosted its stake in Dynatrace by 99.6% in the 4th quarter. True Wealth Design LLC now owns 896 shares of the company’s stock worth $39,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Stock Performance
Dynatrace stock opened at $44.75 on Friday. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $57.55. The firm has a market cap of $13.04 billion, a PE ratio of 82.88, a P/E/G ratio of 2.87 and a beta of 0.73. The firm’s 50 day moving average price is $40.46 and its two-hundred day moving average price is $39.29.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DT. The Goldman Sachs Group boosted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. decreased their target price on Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Citigroup lowered their price target on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Morgan Stanley dropped their price target on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Thursday, June 25th. Twenty-two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.88.
Get Our Latest Analysis on Dynatrace
Dynatrace Company Profile
Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.
The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.
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