BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 58.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,175 shares of the company’s stock after selling 30,151 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dynatrace were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DT. V Square Quantitative Management LLC purchased a new stake in shares of Dynatrace in the 4th quarter valued at about $26,000. RHL Group LLC purchased a new position in shares of Dynatrace during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its position in shares of Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after purchasing an additional 508 shares during the last quarter. True Wealth Design LLC increased its position in shares of Dynatrace by 99.6% in the fourth quarter. True Wealth Design LLC now owns 896 shares of the company’s stock worth $39,000 after purchasing an additional 447 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Dynatrace by 21.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after purchasing an additional 272 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Stock Performance
DT stock opened at $40.75 on Wednesday. The company has a market capitalization of $11.88 billion, a PE ratio of 75.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The company’s 50 day moving average price is $38.22 and its two-hundred day moving average price is $39.58.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on DT shares. KeyCorp dropped their target price on shares of Dynatrace from $52.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Canaccord Genuity Group lowered their price objective on shares of Dynatrace from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. DA Davidson dropped their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, May 14th. BTIG Research cut their target price on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reduced their target price on Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.
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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