AMG National Trust Bank bought a new stake in Dynatrace, Inc. (NYSE:DT – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,598 shares of the company’s stock, valued at approximately $1,723,000.
A number of other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at approximately $26,000. Brown Lisle Cummings Inc. increased its stake 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 buying an additional 547 shares during the period. RHL Group LLC bought a new stake in shares of Dynatrace during the fourth quarter worth $30,000. Larson Financial Group LLC raised its position in shares of Dynatrace by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after acquiring an additional 508 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Dynatrace by 99.6% during the fourth quarter. True Wealth Design LLC now owns 896 shares of the company’s stock valued at $39,000 after acquiring an additional 447 shares during the period. 94.28% of the stock is owned by institutional investors.
Dynatrace Trading Up 0.3%
DT stock opened at $45.18 on Thursday. The stock has a market cap of $13.11 billion, a PE ratio of 83.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73. The stock has a 50-day moving average price of $41.81 and a two-hundred day moving average price of $39.29. Dynatrace, Inc. has a 1 year low of $31.64 and a 1 year high of $55.49.
Wall Street Analyst Weigh In
DT has been the topic of several recent research reports. UBS Group upgraded Dynatrace from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $60.00 in a report on Monday, June 15th. TD Cowen reduced their target price on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $42.00 target price on shares of Dynatrace in a research report on Thursday, May 14th. Royal Bank Of Canada lowered their price target on Dynatrace from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.85.
Check Out 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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