Western Wealth Management LLC bought a new position in Dynatrace, Inc. (NYSE:DT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,525 shares of the company’s stock, valued at approximately $471,000.
A number of other large investors also recently modified their holdings of DT. Eastern Bank acquired a new stake in shares of Dynatrace in the second quarter valued at approximately $35,000. Brooklyn Investment Group lifted its holdings in Dynatrace by 761.9% during the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company’s stock worth $43,000 after buying an additional 800 shares in the last quarter. CX Institutional boosted its position in Dynatrace by 42.6% in the 2nd quarter. CX Institutional now owns 1,221 shares of the company’s stock valued at $67,000 after buying an additional 365 shares during the last quarter. Huntington National Bank increased its stake in shares of Dynatrace by 259.8% in the 2nd quarter. Huntington National Bank now owns 1,486 shares of the company’s stock valued at $82,000 after buying an additional 1,073 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Dynatrace by 29.1% in the 2nd quarter. Allworth Financial LP now owns 1,715 shares of the company’s stock valued at $95,000 after buying an additional 387 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Dynatrace Price Performance
Dynatrace stock opened at $46.41 on Wednesday. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.59 and a beta of 0.85. The company’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $50.89. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00.
Analysts Set New Price Targets
Several research firms recently issued reports on DT. Guggenheim raised their price target on Dynatrace from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Cantor Fitzgerald lowered their price target on shares of Dynatrace from $57.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Scotiabank cut their price objective on shares of Dynatrace from $67.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Finally, Wells Fargo & Company assumed coverage on shares of Dynatrace in a research report on Tuesday, September 30th. They set an “overweight” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.59.
Get Our Latest Research Report on Dynatrace
Insiders Place Their Bets
In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $46.69, for a total value of $93,380.00. Following the completion of the transaction, the chief accounting officer directly owned 23,380 shares of the company’s stock, valued at approximately $1,091,612.20. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa M. Campbell sold 1,013 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares of the company’s stock, valued at $50,367.24. This trade represents a 50.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,602 shares of company stock valued at $2,021,259. Insiders own 0.57% of the company’s stock.
Dynatrace 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.
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