Nykredit A S purchased a new position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,126 shares of the company’s stock, valued at approximately $489,000.
Several other large investors also recently modified their holdings of DT. Forsta AP Fonden grew its holdings in Dynatrace by 60.4% in the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after purchasing an additional 75,500 shares during the period. AXQ Capital LP raised its holdings in shares of Dynatrace by 651.7% during the fourth quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock valued at $1,497,000 after purchasing an additional 29,952 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Dynatrace by 12.0% during the fourth quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock valued at $10,568,000 after purchasing an additional 26,129 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dynatrace by 123,910.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock worth $81,533,000 after purchasing an additional 1,879,728 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its stake in shares of Dynatrace by 98.4% in the 4th quarter. Fox Run Management L.L.C. now owns 53,422 shares of the company’s stock valued at $2,315,000 after buying an additional 26,494 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Stock Down 2.9%
DT stock opened at $50.39 on Wednesday. The firm has a market capitalization of $14.56 billion, a PE ratio of 100.77, a P/E/G ratio of 3.17 and a beta of 0.74. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $54.83. The stock’s 50 day moving average is $47.40 and its 200-day moving average is $41.63.
Analyst Ratings Changes
A number of brokerages recently commented on DT. Truist Financial boosted their target price on Dynatrace from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Morgan Stanley raised Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $58.00 to $65.00 in a research note on Tuesday, August 25th. Oppenheimer upped their target price on Dynatrace from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. UBS Group reiterated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Monday, August 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research report on Thursday, June 25th. Twenty-three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $54.81.
Dynatrace 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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