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Multiple hedge funds and institutional investors have modified their positions in Dynatrace (DT). Cetera Investment Advisers increased its stake by 7%, now holding 43,528 shares worth $1.95 million. B. Riley Wealth Advisors raised their stake by 3.1%, owning 8,767 shares valued at $392,000. Quarry LP boosted their holdings by 209.6%, now at 5,784 shares worth $259,000. Northwestern Mutual increased its position by 20.1%, owning 6,525 shares valued at $292,000. Oliver Lagore Vanvalin Investment Group raised their stake significantly by 24,432%, owning 23,796 shares worth $1.07 million. Overall, 94.28% of Dynatrace is held by institutional investors.
Insider Trading
CEO Rick M. McConnell sold 50,000 shares at $51.50 each on September 16, totaling $2.58 million, leaving him with 650,587 shares valued at about $33.5 million. EVP Dan Zugelder sold 11,022 shares at $49.71 on September 6, worth $547,903.62. Insiders have sold a total of 76,426 shares valued at $3.8 million in the last 90 days, with 0.54% of stocks held by insiders.
Analyst Ratings
Several analysts have revised their ratings for Dynatrace: Loop Capital lowered its target from $50.00 to $45.00 (hold), while Scotiabank increased it from $52.00 to $55.00 (outperform). BMO Capital raised its price target from $49.00 to $53.00 (outperform). Currently, the average rating is “Moderate Buy” with a target price of $60.09.
Stock Performance
Dynatrace is currently trading at $52.37, with a 50-day moving average of $49.05 and a 200-day average of $46.87. The stock has ranged from $39.42 to $61.41 over the past year. The latest earnings report showed a $0.33 EPS, exceeding expectations, with revenue of $399.20 million.
Company Overview
Dynatrace, Inc. offers a security platform for multicloud environments, focusing on application and infrastructure monitoring, analytics, and digital experience.
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Stay updated on hedge fund activities regarding DT: Visit HoldingsChannel.com for the latest filings and trades.
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