1492 Capital Management LLC boosted its position in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,488 shares of the company’s stock after buying an additional 18,756 shares during the period. 1492 Capital Management LLC’s holdings in Dynatrace were worth $2,496,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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% during the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after purchasing an additional 547 shares in the last quarter. RHL Group LLC acquired a new position in shares of Dynatrace during the 4th quarter worth approximately $30,000. Larson Financial Group LLC raised its position in shares of Dynatrace by 168.8% during the 4th 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. Finally, True Wealth Design LLC lifted its stake in Dynatrace by 99.6% in the 4th quarter. True Wealth Design LLC now owns 896 shares of the company’s stock valued at $39,000 after buying an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Dynatrace Trading Up 7.4%
Shares of NYSE DT opened at $43.27 on Friday. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The business has a 50-day moving average price of $39.57 and a two-hundred day moving average price of $39.31. The firm has a market capitalization of $12.61 billion, a PE ratio of 80.14, a PEG ratio of 2.78 and a beta of 0.75.
Analysts Set New Price Targets
DT has been the topic of a number of analyst reports. William Blair assumed coverage on Dynatrace in a report on Thursday, May 21st. They set an “outperform” rating on the stock. TD Cowen cut their price target on Dynatrace from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Weiss Ratings downgraded Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their price objective on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Guggenheim cut Dynatrace from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Twenty-two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $47.88.
View Our Latest Stock 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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