LPL Financial LLC Has $2.65 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

LPL Financial LLC boosted its stake in shares of Dynatrace, Inc. (NYSE:DTGet Rating) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,023 shares of the company’s stock after buying an additional 5,964 shares during the period. LPL Financial LLC’s holdings in Dynatrace were worth $2,650,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Zions Bancorporation N.A. bought a new position in shares of Dynatrace in the third quarter valued at $51,000. Canada Pension Plan Investment Board bought a new position in shares of Dynatrace in the first quarter valued at $85,000. Ellevest Inc. bought a new position in shares of Dynatrace in the third quarter valued at $67,000. Penserra Capital Management LLC grew its stake in shares of Dynatrace by 50.0% in the first quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock valued at $96,000 after buying an additional 682 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Dynatrace by 68.1% in the first quarter. Captrust Financial Advisors now owns 2,052 shares of the company’s stock valued at $97,000 after buying an additional 831 shares in the last quarter. 97.17% of the stock is owned by institutional investors.

Dynatrace Trading Down 0.3 %

NYSE:DT opened at $49.03 on Friday. The stock’s 50-day moving average is $42.21 and its 200-day moving average is $40.17. Dynatrace, Inc. has a 1-year low of $31.54 and a 1-year high of $49.78. The stock has a market cap of $14.17 billion, a P/E ratio of 132.51, a price-to-earnings-growth ratio of 5.14 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DT shares. Credit Suisse Group raised their price target on Dynatrace from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Robert W. Baird raised their price target on Dynatrace from $49.00 to $53.00 in a report on Thursday. 58.com reaffirmed a “reiterates” rating on shares of Dynatrace in a report on Thursday. Wells Fargo & Company lifted their target price on Dynatrace from $54.00 to $60.00 in a report on Thursday. Finally, Rosenblatt Securities lifted their target price on Dynatrace from $50.00 to $54.00 in a report on Thursday. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $50.14.

Dynatrace Profile

(Get Rating)

Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

Further Reading

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:DTGet Rating).

Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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.