Crossmark Global Holdings Inc. increased its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 57.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,023 shares of the company’s stock after purchasing an additional 13,082 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dynatrace were worth $1,561,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in Dynatrace by 561.4% during the third quarter. Cornerstone Planning Group LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Dynatrace during the fourth quarter worth about $26,000. Hazlett Burt & Watson Inc. bought a new stake in Dynatrace during the third quarter worth about $37,000. First Horizon Corp bought a new stake in Dynatrace during the third quarter worth about $39,000. Finally, True Wealth Design LLC raised its holdings in 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 acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Dynatrace Price Performance
Shares of NYSE DT opened at $39.14 on Wednesday. The stock’s fifty day moving average price is $37.14 and its two-hundred day moving average price is $40.59. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 64.17, a P/E/G ratio of 2.46 and a beta of 0.70.
Dynatrace declared that its board has approved a stock repurchase plan on Monday, February 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Insiders Place Their Bets
In other news, EVP Stephen A. Mcmahon bought 3,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, with a total value of $107,250.00. Following the acquisition, the executive vice president directly owned 3,454 shares in the company, valued at $123,480.50. This represents a 660.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms recently issued reports on DT. The Goldman Sachs Group began coverage on Dynatrace in a report on Tuesday, April 21st. They set a “buy” rating and a $45.00 target price on the stock. Rothschild & Co Redburn began coverage on shares of Dynatrace in a report on Thursday, April 23rd. They set a “neutral” rating and a $40.00 target price on the stock. Barclays lowered their target price on shares of Dynatrace from $57.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Scotiabank lowered their target price on shares of Dynatrace from $60.00 to $47.00 and set a “sector outperform” rating on the stock in a report on Tuesday, February 10th. Finally, KeyCorp boosted their target price on shares of Dynatrace from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $51.32.
Get Our Latest Report on Dynatrace
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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