Globeflex Capital L P acquired a new position in Dynatrace, Inc. (NYSE:DT – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 130,206 shares of the company’s stock, valued at approximately $5,717,000.
Several other institutional investors have also recently modified their holdings of the company. RHL Group LLC bought a new position in Dynatrace during the fourth quarter valued at approximately $30,000. CX Institutional boosted its stake in shares of Dynatrace by 1,119.0% in the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after purchasing an additional 649 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Dynatrace by 218.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after purchasing an additional 547 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Dynatrace by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after purchasing an additional 508 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its position in Dynatrace by 577.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,483 shares of the company’s stock worth $55,000 after purchasing an additional 1,264 shares during the period. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Price Performance
Shares of NYSE:DT opened at $49.18 on Monday. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $53.28. The company has a market cap of $14.21 billion, a PE ratio of 98.36, a P/E/G ratio of 2.98 and a beta of 0.72. The stock’s 50-day moving average is $44.93 and its 200 day moving average is $40.27.
Analyst Upgrades and Downgrades
Several analysts have weighed in on DT shares. DA Davidson boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group boosted their target price on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. William Blair started coverage on Dynatrace in a report on Thursday, May 21st. They set an “outperform” rating for the company. JPMorgan Chase & Co. reduced their price target on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Weiss Ratings raised Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.54.
Get Our Latest Stock 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.
Further Reading
- Five stocks we like better than Dynatrace
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT – Free Report).
Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.
