“`html
Institutional Investment in Dynatrace (DT)
Several institutional investors have adjusted their positions in Dynatrace (DT). Notably, Orion Portfolio Solutions increased its stake by 24.9% in Q4, owning 13,814 shares worth $743,000. HSBC raised its holdings by 26.3%, totaling 53,336 shares valued at $2.9 million. TD Asset Management boosted its position by 34.3%, while the Bank of Nova Scotia saw a dramatic 103.1% increase, bringing its total shares to 12,018 worth $657,000. Over 94% of Dynatrace’s stock is held by institutional investors.
Analyst Updates
Piper Sandler initiated coverage on Dynatrace with a neutral rating and a $50 price target. Needham maintained a hold rating, while Loop Capital lowered its target to $45. BMO Capital Markets raised its target to $53 with an outperform rating. Currently, six analysts recommend holding the stock, and seventeen have a buy rating, yielding a consensus rating of Moderate Buy.
Stock Overview
DT shares opened at $52.37, with a market cap of $15.62 billion and a P/E ratio of 100.71. The stock reached a low of $39.42 and a high of $61.41 within the last 52 weeks. In its recent earnings report, Dynatrace exceeded expectations with $0.33 EPS against a projected $0.29, reporting $399.2 million in revenue, a 19.9% increase year-over-year.
Insider Activity
CEO Rick M. McConnell sold 50,000 shares at $51.50, resulting in a total transaction of $2.57 million. EVP Dan Zugelder sold 11,022 shares at an average price of $49.71 recently. Insiders have sold a total of 76,426 shares valued at $3.8 million in the last three months.
About Dynatrace
Dynatrace specializes in security platforms for multicloud environments, offering a comprehensive suite that includes application monitoring, security, and analytics.
Featured Stories
- Five stocks we like better than Dynatrace
- Uptrend Stocks Explained
- S&P 500 Hitting Resistance
- Home Improvement Stocks
Receive News & Ratings for Dynatrace Daily – Enter your email below for a quick summary of the latest news and ratings.
“`
