Hsbc Holdings PLC Has $2.92 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Hsbc Holdings PLC increased its stake in shares of Dynatrace, Inc. (NYSE:DTFree Report) by 26.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,336 shares of the company’s stock after buying an additional 11,096 shares during the period. Hsbc Holdings PLC’s holdings in Dynatrace were worth $2,918,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DT. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in Dynatrace by 127.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,058 shares of the company’s stock valued at $423,000 after acquiring an additional 5,068 shares during the last quarter. Swiss National Bank grew its position in shares of Dynatrace by 2.4% during the 3rd quarter. Swiss National Bank now owns 801,500 shares of the company’s stock worth $37,454,000 after buying an additional 18,700 shares during the period. NewEdge Wealth LLC bought a new stake in shares of Dynatrace during the third quarter worth approximately $215,000. Janney Montgomery Scott LLC raised its stake in shares of Dynatrace by 92.1% during the third quarter. Janney Montgomery Scott LLC now owns 39,606 shares of the company’s stock worth $1,851,000 after buying an additional 18,991 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dynatrace by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,436,441 shares of the company’s stock valued at $67,125,000 after acquiring an additional 134,302 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DT. BMO Capital Markets dropped their target price on shares of Dynatrace from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. TD Cowen cut their target price on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Barclays lowered their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 20th. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Friday, May 24th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.54.

Check Out Our Latest Stock Analysis on DT

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Dynatrace Stock Up 0.7 %

Shares of DT opened at $47.02 on Friday. The company has a 50 day moving average of $46.41 and a 200-day moving average of $50.57. The stock has a market capitalization of $13.98 billion, a P/E ratio of 90.42, a P/E/G ratio of 6.93 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $43.29 and a twelve month high of $61.41.

About Dynatrace

(Free Report)

Dynatrace, Inc provides a security platform for multicloud environments. It operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

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Institutional Ownership by Quarter for Dynatrace (NYSE:DT)

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