Virtu Financial LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,263 shares of the company’s stock, valued at approximately $661,000.
A number of other hedge funds have also modified their holdings of DT. Forsta AP Fonden increased its position in shares of Dynatrace by 60.4% during the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock valued at $8,685,000 after acquiring an additional 75,500 shares during the last quarter. UNIVEST FINANCIAL Corp acquired a new position in shares of Dynatrace in the 4th quarter worth approximately $1,212,000. LBP AM SA lifted its holdings in shares of Dynatrace by 9.8% in the 4th quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after acquiring an additional 69,318 shares during the last quarter. Temasek Holdings Private Ltd boosted its position in shares of Dynatrace by 125.1% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock worth $96,372,000 after purchasing an additional 1,105,508 shares during the period. Finally, AXQ Capital LP boosted its position in shares of Dynatrace by 651.7% during the 4th quarter. AXQ Capital LP now owns 34,548 shares of the company’s stock worth $1,497,000 after purchasing an additional 29,952 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Dynatrace Stock Down 2.4%
Dynatrace stock opened at $40.41 on Tuesday. Dynatrace, Inc. has a 52-week low of $31.64 and a 52-week high of $57.55. The firm has a market cap of $11.78 billion, a PE ratio of 74.83, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The company’s 50 day moving average is $38.97 and its two-hundred day moving average is $39.37.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on DT shares. Wedbush set a $48.00 target price on shares of Dynatrace in a report on Friday, May 15th. Rothschild & Co Redburn assumed coverage on Dynatrace in a research report on Thursday, April 23rd. They set a “neutral” rating and a $40.00 price target for the company. The Goldman Sachs Group lifted their price objective on Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Barclays cut their price objective on Dynatrace from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, DA Davidson decreased 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-two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.88.
View Our Latest Stock Analysis on Dynatrace
About Dynatrace
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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