Nykredit A S acquired a new stake in Dynatrace, Inc. (NYSE:DT – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,126 shares of the company’s stock, valued at approximately $489,000.
Several other institutional investors have also added to or reduced their stakes in the company. Cim LLC boosted its holdings in shares of Dynatrace by 1.0% in the 3rd quarter. Cim LLC now owns 22,184 shares of the company’s stock valued at $1,075,000 after purchasing an additional 228 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Dynatrace by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock worth $823,000 after buying an additional 231 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dynatrace by 21.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after buying an additional 272 shares during the last quarter. Principal Securities Inc. boosted its stake in Dynatrace by 1.3% in the fourth quarter. Principal Securities Inc. now owns 24,879 shares of the company’s stock valued at $1,078,000 after buying an additional 316 shares in the last quarter. Finally, MJP Associates Inc. ADV boosted its stake in Dynatrace by 5.8% in the fourth quarter. MJP Associates Inc. ADV now owns 6,242 shares of the company’s stock valued at $271,000 after buying an additional 340 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Dynatrace Stock Performance
NYSE:DT opened at $50.39 on Wednesday. The company has a market capitalization of $14.56 billion, a PE ratio of 100.77, a P/E/G ratio of 3.17 and a beta of 0.74. The company has a 50 day simple moving average of $47.40 and a two-hundred day simple moving average of $41.63. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $54.83.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. The Goldman Sachs Group boosted their target price on Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating on shares of Dynatrace in a research note on Thursday, August 6th. Citigroup lifted their price target on shares of Dynatrace from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. DA Davidson upped their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald raised their target price on shares of Dynatrace from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.81.
Read 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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