Magnetar Financial LLC increased its position in Dynatrace, Inc. (NYSE:DT – Free Report) by 292.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 100,605 shares of the company’s stock after buying an additional 74,989 shares during the quarter. Magnetar Financial LLC’s holdings in Dynatrace were worth $4,360,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Cim LLC lifted its stake in Dynatrace by 1.0% during the 3rd quarter. Cim LLC now owns 22,184 shares of the company’s stock valued at $1,075,000 after acquiring an additional 228 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in Dynatrace by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,983 shares of the company’s stock valued at $823,000 after acquiring an additional 231 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dynatrace by 7.7% during the 4th quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock valued at $150,000 after acquiring an additional 246 shares in the last quarter. Assetmark Inc. lifted its stake in Dynatrace by 0.7% during the 4th quarter. Assetmark Inc. now owns 36,629 shares of the company’s stock valued at $1,588,000 after acquiring an additional 248 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Dynatrace by 21.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company’s stock valued at $85,000 after acquiring an additional 272 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Stock Performance
Shares of DT opened at $41.63 on Wednesday. The business has a 50-day moving average of $38.59 and a 200 day moving average of $39.47. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55. The firm has a market cap of $12.13 billion, a P/E ratio of 77.09, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75.
Analyst Ratings Changes
DT has been the topic of several recent analyst reports. Weiss Ratings cut Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. DA Davidson dropped their price objective on Dynatrace from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Barclays dropped their price objective on Dynatrace from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. TD Cowen dropped their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Citigroup dropped their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Twenty-two equities research analysts have rated the stock with a Buy rating, five 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 target price of $47.69.
View Our Latest Analysis on Dynatrace
Key Dynatrace News
Here are the key news stories impacting Dynatrace this week:
- Positive Sentiment: UBS started coverage of Dynatrace with a Buy rating and a $60 price target, citing improving demand trends, AI-related growth opportunities, and attractive valuation after speaking with customers and industry contacts. Dynatrace gains ‘Buy’ rating from UBS on expectations of accelerating growth, AI tailwinds
- Positive Sentiment: BMO Capital Markets raised its price target on Dynatrace from $43 to $50 and kept an Outperform rating, reinforcing optimism around the company’s growth outlook. Dynatrace price target raised by BMO Capital Markets
- Positive Sentiment: Additional analyst coverage and commentary pointed to accelerating ARR growth, continued adoption of the company’s platform, and valuation support versus peers, which may be helping sentiment around the stock. Dynatrace: Expecting ARR Growth To Step Up
- Neutral Sentiment: Recent market coverage also highlighted Dynatrace among Tuesday’s key analyst research calls, keeping the stock in focus for traders. Tuesday’s Best Wall Street Analyst Research Calls
About Dynatrace
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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