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Several institutional investors have adjusted their positions in Dynatrace (DT). Orion Portfolio Solutions LLC increased its stake by 24.9%, holding 13,814 shares valued at $743,000 after purchasing 2,758 shares recently. HSBC Holdings raised its stake by 26.3%, now owning 53,336 shares worth $2,918,000 after adding 11,096 shares. TD Asset Management boosted its position by 34.3%, owning 20,018 shares valued at $1,095,000. Bank of Nova Scotias stake rose by 103.1%, acquiring 12,018 shares valued at $657,000. California State Teachers Retirement System grew its holdings by 0.4%, now owning 367,343 shares valued at $20,090,000. Overall, 94.28% of DT is owned by institutional investors.
Analyst Ratings Changes
Analysts have issued various ratings for DT. Piper Sandler rated it “neutral” with a $50 target. Needham maintained a “hold” rating, while Loop Capital lowered their target from $50 to $45, also giving a “hold” rating. BMO increased their target from $49 to $53, rating it “outperform.” Wells Fargo reduced their target from $60 to $50, maintaining “overweight.” Currently, Dynatrace has a consensus rating of “Moderate Buy” from analysts.
Check Out Our Latest Report on Dynatrace
Dynatrace Stock Performance
On Thursday, DT opened at $52.37 with a market cap of $15.62 billion. The stock has a P/E ratio of 100.71 and a 52-week range of $39.42 to $61.41. Last quarter, Dynatrace reported $0.33 EPS, surpassing estimates of $0.29, with a revenue of $399.20 million.
Insider Activity
Recently, CEO Rick M. McConnell sold 50,000 shares at $51.50, totaling $2.575 million, retaining 650,587 shares valued at $33.5 million. EVP Dan Zugelder sold 11,022 shares at $49.71, totaling $547,903.62. In the last three months, insiders sold 76,426 shares valued at $3.8 million, with insiders owning 0.54% of the stock.
About Dynatrace
Dynatrace, Inc. provides security platforms for multicloud environments, focusing on application monitoring, runtime application security, and analytics.
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