UBS Group AG Increases Stock Holdings in Dynatrace, Inc. (NYSE:DT)

UBS Group AG grew its position in Dynatrace, Inc. (NYSE:DT – Get Rating) by 117.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,937 shares of the company’s stock after buying an additional 121,813 shares during the quarter. UBS Group AG owned 0.08% of Dynatrace worth $8,653,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Zions Bancorporation N.A. acquired a new stake in shares of Dynatrace during the third quarter valued at $51,000. Canada Pension Plan Investment Board acquired a new stake in shares of Dynatrace during the first quarter valued at $85,000. Penserra Capital Management LLC boosted its stake in shares of Dynatrace by 50.0% during the first quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock valued at $96,000 after acquiring an additional 682 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Dynatrace by 68.1% during the first quarter. Captrust Financial Advisors now owns 2,052 shares of the company’s stock valued at $97,000 after acquiring an additional 831 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Dynatrace during the fourth quarter valued at $151,000. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $48.94 on Wednesday. The company has a market cap of $14.15 billion, a P/E ratio of 132.27, a PEG ratio of 11.35 and a beta of 1.11. Dynatrace, Inc. has a one year low of $31.54 and a one year high of $50.49. The business’s 50-day simple moving average is $42.63 and its 200 day simple moving average is $40.45.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DT shares. Truist Financial increased their price objective on Dynatrace from $50.00 to $55.00 in a research note on Thursday, May 18th. BTIG Research raised Dynatrace from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, May 18th. Royal Bank of Canada raised their price target on Dynatrace from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. VNET Group reissued a “maintains” rating on shares of Dynatrace in a research note on Thursday, May 18th. Finally, Loop Capital raised their price target on Dynatrace from $40.00 to $50.00 in a research note on Thursday, May 18th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.14.

Dynatrace Company Profile

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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.