Slow Capital Inc. trimmed its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 17.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,044 shares of the company’s stock after selling 14,696 shares during the quarter. Slow Capital Inc.’s holdings in Dynatrace were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Scge Management L.P. bought a new position in shares of Dynatrace during the second quarter valued at about $155,858,000. Norges Bank bought a new position in shares of Dynatrace during the 2nd quarter worth approximately $87,620,000. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company’s stock worth $1,733,760,000 after buying an additional 1,084,307 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Dynatrace by 53.2% in the second quarter. Congress Asset Management Co. now owns 3,118,815 shares of the company’s stock valued at $172,190,000 after acquiring an additional 1,082,413 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Dynatrace by 97.5% in the second quarter. Allianz Asset Management GmbH now owns 1,974,808 shares of the company’s stock valued at $109,029,000 after acquiring an additional 975,042 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
Dynatrace Stock Up 1.4%
Shares of NYSE DT opened at $39.93 on Tuesday. The company has a market cap of $12.04 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.15 and a beta of 0.85. Dynatrace, Inc. has a 52 week low of $38.50 and a 52 week high of $63.00. The business has a 50-day simple moving average of $43.94 and a two-hundred day simple moving average of $47.85.
Analyst Ratings Changes
DT has been the topic of several research analyst reports. Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Jefferies Financial Group cut their price target on shares of Dynatrace from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Barclays decreased their price objective on shares of Dynatrace from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Cowen reissued a “buy” rating on shares of Dynatrace in a research report on Monday, November 17th. Finally, Scotiabank decreased their price target on shares of Dynatrace from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $60.18.
Get Our Latest Analysis on Dynatrace
Insider Activity
In related news, EVP Dan Zugelder sold 7,505 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $45.27, for a total transaction of $339,751.35. Following the completion of the transaction, the executive vice president directly owned 8,925 shares in the company, valued at $404,034.75. The trade was a 45.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel S. Yates sold 2,000 shares of the company’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 owned 23,380 shares in the company, valued at $1,091,612.20. This represents a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,843 shares of company stock worth $1,846,424 in the last three months. Corporate insiders own 0.57% of the company’s stock.
About Dynatrace
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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