Future Fund LLC increased its holdings in Dynatrace, Inc. (NYSE:DT – Free Report) by 42.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,788 shares of the company’s stock after purchasing an additional 12,417 shares during the quarter. Future Fund LLC’s holdings in Dynatrace were worth $1,811,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DT. NewEdge Advisors LLC raised its holdings in shares of Dynatrace by 25.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company’s stock worth $431,000 after purchasing an additional 1,846 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $102,000 after purchasing an additional 348 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock worth $85,000 after purchasing an additional 272 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Dynatrace by 38.9% in the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company’s stock worth $43,816,000 after acquiring an additional 222,395 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Dynatrace in the 2nd quarter worth $410,000. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Trading Up 5.1%
Shares of DT stock opened at $42.57 on Friday. Dynatrace, Inc. has a 1-year low of $31.64 and a 1-year high of $57.55. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 78.83, a P/E/G ratio of 2.72 and a beta of 0.70. The stock’s fifty day simple moving average is $37.43 and its 200-day simple moving average is $39.78.
Dynatrace declared that its Board of Directors has authorized a share repurchase plan on Monday, February 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 9.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Dynatrace
In other Dynatrace news, EVP Stephen A. Mcmahon purchased 3,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $35.75 per share, for a total transaction of $107,250.00. Following the completion of the acquisition, the executive vice president owned 3,454 shares of the company’s stock, valued at $123,480.50. This represents a 660.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Wolfe Research restated an “outperform” rating and issued a $42.00 target price on shares of Dynatrace in a report on Thursday, May 14th. Royal Bank Of Canada decreased their target price on Dynatrace from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets decreased their target price on Dynatrace from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Truist Financial set a $45.00 target price on Dynatrace in a report on Wednesday, April 15th. Finally, Morgan Stanley decreased their target price on Dynatrace from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Twenty-one equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.50.
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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