Fieldview Capital Management LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,667 shares of the company’s stock, valued at approximately $1,199,000.
A number of other institutional investors have also made changes to their positions in DT. V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $26,000. RHL Group LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $30,000. Larson Financial Group LLC grew its stake 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 purchasing an additional 508 shares during the period. True Wealth Design LLC grew 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 worth $39,000 after purchasing an additional 447 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Dynatrace by 210.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 1,606 shares of the company’s stock worth $70,000 after purchasing an additional 1,088 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.
Dynatrace Trading Up 0.2%
DT stock opened at $40.81 on Monday. The business’s 50-day moving average price is $38.44 and its two-hundred day moving average price is $39.52. The firm has a market cap of $11.90 billion, a PE ratio of 75.58, a P/E/G ratio of 2.65 and a beta of 0.75. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $57.55.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their price objective on Dynatrace from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Canaccord Genuity Group decreased their price objective on Dynatrace from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Weiss Ratings cut Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Wedbush set a $48.00 price objective on Dynatrace in a research note on Friday, May 15th. Finally, TD Cowen decreased their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.
Get Our Latest Research Report 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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