BNP Paribas Financial Markets raised its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 192.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 549,168 shares of the company’s stock after purchasing an additional 361,247 shares during the period. BNP Paribas Financial Markets’ holdings in Dynatrace were worth $23,801,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in DT. Wellington Management Group LLP lifted its position in Dynatrace by 719.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after purchasing an additional 6,444,262 shares during the period. Scge Management L.P. bought a new stake in Dynatrace during the 2nd quarter worth approximately $155,858,000. Pictet Asset Management Holding SA increased its stake in Dynatrace by 16.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock worth $634,985,000 after purchasing an additional 2,076,990 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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, Freestone Grove Partners LP grew its stake in shares of Dynatrace by 2,618.6% during the 3rd quarter. Freestone Grove Partners LP now owns 1,429,738 shares of the company’s stock worth $69,271,000 after acquiring an additional 1,377,148 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Dynatrace Stock Down 2.3%
DT stock opened at $42.26 on Friday. The company has a market cap of $12.32 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. The business has a 50-day simple moving average of $38.03 and a 200 day simple moving average of $39.68. Dynatrace, Inc. has a 52 week low of $31.64 and a 52 week high of $57.55.
Dynatrace declared that its Board of Directors has approved a stock buyback program on Monday, February 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 9.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Analysts Set New Price Targets
Several equities analysts recently weighed in on DT shares. DA Davidson decreased their target price on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Stifel Nicolaus set a $51.00 price target on Dynatrace in a report on Monday, February 9th. Morgan Stanley cut their price target on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. JPMorgan Chase & Co. cut their price target on Dynatrace from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Wells Fargo & Company cut their price target on Dynatrace from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Twenty-one research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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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