Dynatrace, Inc. (NYSE:DT) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Dynatrace, Inc. (NYSE:DT – Get Rating) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,671 shares of the company’s stock after acquiring an additional 436 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dynatrace were worth $2,056,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eaton Vance Management increased its stake in Dynatrace by 0.6% in the third quarter. Eaton Vance Management now owns 42,832 shares of the company’s stock valued at $1,491,000 after purchasing an additional 269 shares during the last quarter. Ieq Capital LLC increased its stake in Dynatrace by 4.8% in the third quarter. Ieq Capital LLC now owns 6,930 shares of the company’s stock valued at $241,000 after purchasing an additional 315 shares during the last quarter. M&T Bank Corp increased its stake in Dynatrace by 3.5% in the third quarter. M&T Bank Corp now owns 10,620 shares of the company’s stock valued at $370,000 after purchasing an additional 355 shares during the last quarter. Parallel Advisors LLC increased its stake in Dynatrace by 1.4% in the fourth quarter. Parallel Advisors LLC now owns 27,855 shares of the company’s stock valued at $1,067,000 after purchasing an additional 389 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Dynatrace by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the company’s stock valued at $2,064,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of Dynatrace from $50.00 to $55.00 in a research note on Thursday. The Goldman Sachs Group lowered their target price on shares of Dynatrace from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, January 25th. 58.com restated a “reiterates” rating on shares of Dynatrace in a research report on Thursday. BMO Capital Markets raised their target price on shares of Dynatrace from $50.00 to $55.00 in a research report on Thursday. Finally, Bank of America raised their target price on shares of Dynatrace from $54.00 to $58.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.14.

Dynatrace Stock Performance

Shares of NYSE DT opened at $49.18 on Friday. The firm has a market capitalization of $14.22 billion, a P/E ratio of 491.80, a PEG ratio of 4.90 and a beta of 1.11. Dynatrace, Inc. has a one year low of $31.54 and a one year high of $49.78. The company’s fifty day moving average is $42.00 and its two-hundred day moving average is $40.03.

About Dynatrace

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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.