Wealth Enhancement Advisory Services LLC increased its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 190.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Dynatrace during the 4th quarter valued at $26,000. Brown Lisle Cummings Inc. grew its stake in shares of Dynatrace by 218.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock worth $29,000 after acquiring an additional 547 shares in the last quarter. RHL Group LLC bought a new stake in shares of Dynatrace in the 4th quarter worth $30,000. CX Institutional raised its holdings in shares of Dynatrace by 1,119.0% in the second quarter. CX Institutional now owns 707 shares of the company’s stock valued at $31,000 after purchasing an additional 649 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Dynatrace by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after purchasing an additional 508 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
Dynatrace Stock Performance
DT opened at $49.52 on Thursday. The firm has a 50-day moving average of $43.84 and a 200 day moving average of $39.80. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $53.28. The firm has a market cap of $14.31 billion, a P/E ratio of 99.04, a PEG ratio of 2.97 and a beta of 0.72.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on DT. Morgan Stanley boosted their price target on shares of Dynatrace from $40.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. The Goldman Sachs Group lifted their target price on shares of Dynatrace from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut their target price on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. William Blair started coverage on Dynatrace in a report on Thursday, May 21st. They issued an “outperform” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Dynatrace in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.77.
Check Out 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.
Featured Stories
- Five stocks we like better than Dynatrace
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Want to see what other hedge funds are holding DT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynatrace, Inc. (NYSE:DT – Free Report).
Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.
