Renaissance Group LLC reduced its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 458,055 shares of the company’s stock after selling 61,471 shares during the quarter. Renaissance Group LLC owned approximately 0.15% of Dynatrace worth $19,852,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of DT. V Square Quantitative Management LLC bought a new stake in shares of Dynatrace during the 4th quarter worth $26,000. RHL Group LLC bought a new position in Dynatrace during the fourth quarter valued at about $30,000. Larson Financial Group LLC grew its position in Dynatrace by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after buying an additional 508 shares during the period. True Wealth Design LLC increased 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 buying an additional 447 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in 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 buying an additional 1,088 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Dynatrace Price Performance
DT opened at $40.62 on Thursday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 75.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $57.55. The company has a fifty day moving average price of $38.29 and a 200-day moving average price of $39.56.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DT shares. Wedbush set a $48.00 target price on shares of Dynatrace in a research note on Friday, May 15th. Scotiabank decreased their price target on shares of Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 14th. DA Davidson lowered their price target on shares of Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. The Goldman Sachs Group assumed coverage on Dynatrace in a report on Tuesday, April 21st. They set a “buy” rating and a $45.00 price objective for the company. Finally, Morgan Stanley decreased their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.50.
Get Our Latest Stock Analysis on DT
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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