Wealth Enhancement Advisory Services LLC raised its holdings in Dynatrace, Inc. (NYSE:DT – Free Report) by 190.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,789 shares of the company’s stock after buying an additional 56,941 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dynatrace were worth $3,532,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in shares of Dynatrace during the 4th quarter worth approximately $26,000. Brown Lisle Cummings Inc. lifted its position in shares of Dynatrace by 218.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after acquiring an additional 547 shares during the period. RHL Group LLC bought a new position in Dynatrace during the fourth quarter worth $30,000. CX Institutional boosted its stake in Dynatrace by 1,119.0% during the second quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after acquiring an additional 649 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock worth $35,000 after purchasing an additional 508 shares during the period. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Trading Down 0.3%
DT opened at $49.52 on Thursday. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $53.28. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 99.04, a PEG ratio of 2.97 and a beta of 0.72. The company’s fifty day moving average price is $43.84 and its two-hundred day moving average price is $39.80.
Wall Street Analyst Weigh In
Several research firms have weighed in on DT. TD Cowen lifted their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded Dynatrace from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings raised Dynatrace from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dynatrace in a research note on Thursday, August 6th. Finally, Rothschild & Co Redburn started coverage on Dynatrace in a report on Thursday, April 23rd. They issued a “neutral” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $53.77.
Get Our Latest Stock 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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