Natixis Advisors LLC trimmed its holdings in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 36.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 491,539 shares of the company’s stock after selling 287,878 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Dynatrace worth $21,303,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in DT. Forsta AP Fonden raised its holdings in shares of Dynatrace by 60.4% during the fourth quarter. Forsta AP Fonden now owns 200,400 shares of the company’s stock worth $8,685,000 after purchasing an additional 75,500 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Dynatrace by 149.1% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,326 shares of the company’s stock worth $2,487,000 after purchasing an additional 30,718 shares during the period. LBP AM SA raised its holdings in shares of Dynatrace by 9.8% during the fourth quarter. LBP AM SA now owns 776,955 shares of the company’s stock worth $33,673,000 after purchasing an additional 69,318 shares during the period. UNIVEST FINANCIAL Corp acquired a new stake in shares of Dynatrace during the fourth quarter worth $1,212,000. Finally, Temasek Holdings Private Ltd raised its holdings in shares of Dynatrace by 125.1% during the third quarter. Temasek Holdings Private Ltd now owns 1,989,098 shares of the company’s stock worth $96,372,000 after purchasing an additional 1,105,508 shares during the period. 94.28% of the stock is currently owned by institutional investors.
Dynatrace Stock Down 2.3%
DT stock opened at $42.26 on Friday. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55. The firm’s 50-day simple moving average is $38.03 and its 200 day simple moving average is $39.68. The stock has a market cap of $12.32 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75.
Dynatrace announced that its board has authorized a share buyback program on Monday, February 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. BTIG Research dropped their target price on shares of Dynatrace from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Keefe, Bruyette & Woods raised shares of Dynatrace to a “buy” rating in a report on Monday, February 9th. Citigroup dropped their target price on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Weiss Ratings cut shares of Dynatrace from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Dynatrace in a report on Monday, February 9th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.
Read Our Latest Analysis on DT
Dynatrace Company Profile
Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.
The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.
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