Wipfli Financial Advisors LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 863 shares of the company’s stock, valued at approximately $30,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DT. Ronald Blue Trust Inc. acquired a new position in Dynatrace during the 2nd quarter worth approximately $34,000. Parallel Advisors LLC lifted its position in Dynatrace by 145.7% during the 2nd quarter. Parallel Advisors LLC now owns 909 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Dynatrace by 793.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,152 shares of the company’s stock worth $45,000 after acquiring an additional 1,023 shares in the last quarter. Assetmark Inc. purchased a new stake in Dynatrace during the 2nd quarter worth approximately $54,000. Finally, Allworth Financial LP increased its holdings in Dynatrace by 11,289.5% during the 2nd quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $85,000 after purchasing an additional 2,145 shares during the last quarter. 97.17% of the stock is owned by institutional investors and hedge funds.
Dynatrace Price Performance
Shares of DT opened at $36.02 on Friday. The company has a market cap of $10.37 billion, a P/E ratio of 360.24, a PEG ratio of 5.05 and a beta of 1.18. The stock has a fifty day moving average price of $37.55 and a 200 day moving average price of $37.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.20 and a quick ratio of 1.20. Dynatrace, Inc. has a 12 month low of $29.41 and a 12 month high of $56.98.
Insiders Place Their Bets
In other Dynatrace news, CAO Alicia Allen sold 31,985 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $39.77, for a total transaction of $1,272,043.45. Following the completion of the transaction, the chief accounting officer now owns 87,281 shares in the company, valued at approximately $3,471,165.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on DT. JPMorgan Chase & Co. began coverage on Dynatrace in a report on Monday, October 3rd. They set an “overweight” rating on the stock. Citigroup dropped their price objective on Dynatrace from $47.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Moffett Nathanson began coverage on Dynatrace in a report on Thursday, September 22nd. They set a “hold” rating and a $52.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Finally, Wells Fargo & Company lifted their price objective on Dynatrace from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.63.
Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.
- Get a free copy of the StockNews.com research report on Dynatrace (DT)
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