Prudential PLC Invests $320,000 in Dynatrace, Inc. (NYSE:DT)

Posted by Defense World Staff on May 20th, 2023

Prudential PLC bought a new position in Dynatrace, Inc. (NYSE:DT – Get Rating) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,348 shares of the company’s stock, valued at approximately $320,000.

Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in Dynatrace by 191.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 166,951 shares of the company’s stock worth $5,806,000 after purchasing an additional 109,586 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Dynatrace by 27.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,311 shares of the company’s stock valued at $586,000 after acquiring an additional 3,274 shares during the period. ProShare Advisors LLC raised its holdings in Dynatrace by 4.6% during the fourth quarter. ProShare Advisors LLC now owns 18,136 shares of the company’s stock valued at $695,000 after acquiring an additional 805 shares during the period. Ieq Capital LLC raised its holdings in Dynatrace by 4.8% during the third quarter. Ieq Capital LLC now owns 6,930 shares of the company’s stock valued at $241,000 after acquiring an additional 315 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in Dynatrace by 0.9% during the fourth quarter. Retirement Systems of Alabama now owns 265,579 shares of the company’s stock valued at $10,172,000 after acquiring an additional 2,253 shares during the period. 97.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DT shares. TheStreet raised Dynatrace from a “c” rating to a “b” rating in a report on Wednesday. Bank of America raised their price target on Dynatrace from $54.00 to $58.00 in a report on Thursday. Rosenblatt Securities raised their price target on Dynatrace from $50.00 to $54.00 in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $52.00 price target on shares of Dynatrace in a report on Wednesday, March 15th. Finally, Wells Fargo & Company lifted their target price on Dynatrace from $54.00 to $60.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.14.

Dynatrace Trading Down 0.3 %

Shares of DT stock opened at $49.03 on Friday. The business’s fifty day simple moving average is $42.21 and its 200-day simple moving average is $40.13. The company has a market cap of $14.17 billion, a PE ratio of 132.51, a PEG ratio of 4.92 and a beta of 1.11. Dynatrace, Inc. has a 12-month low of $31.54 and a 12-month high of $49.78.

Dynatrace Profile

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Dynatrace, Inc engages in the development of a software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

Prudential PLC Invests $320,000 in Dynatrace, Inc. (NYSE:DT)

Wall Street Analysts Forecast Growth

Dynatrace Trading Down 0.3 %

Dynatrace Profile

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