Intech Investment Management LLC Invests $224,000 in Dynatrace, Inc. (NYSE:DT)

Intech Investment Management LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,843 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in Dynatrace in the third quarter worth approximately $51,000. Canada Pension Plan Investment Board bought a new stake in Dynatrace in the first quarter worth approximately $85,000. Belpointe Asset Management LLC bought a new stake in Dynatrace in the fourth quarter worth approximately $94,000. Penserra Capital Management LLC grew its stake in Dynatrace by 50.0% in the first quarter. Penserra Capital Management LLC now owns 2,046 shares of the company’s stock valued at $96,000 after acquiring an additional 682 shares during the period. Finally, Captrust Financial Advisors grew its stake in Dynatrace by 68.1% in the first quarter. Captrust Financial Advisors now owns 2,052 shares of the company’s stock valued at $97,000 after acquiring an additional 831 shares during the period. 97.17% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of DT opened at $49.17 on Tuesday. The firm has a market cap of $14.21 billion, a PE ratio of 132.89, a PEG ratio of 5.13 and a beta of 1.11. The stock’s fifty day moving average price is $42.43 and its two-hundred day moving average price is $40.34. Dynatrace, Inc. has a 1 year low of $31.54 and a 1 year high of $49.78.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. William Blair assumed coverage on Dynatrace in a research note on Thursday, May 18th. They issued an “outperform” rating for the company. Loop Capital raised their price objective on Dynatrace from $40.00 to $50.00 in a research note on Thursday, May 18th. Bank of America raised their price objective on Dynatrace from $54.00 to $58.00 in a research note on Thursday, May 18th. BTIG Research raised Dynatrace from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday, May 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Dynatrace in a research report on Wednesday, March 15th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and an average price target of $50.14.

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.