Dynatrace’s (DT) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Dynatrace (NYSE:DT) in a research report sent to investors on Friday,Benzinga reports.

Other equities research analysts also recently issued reports about the company. Scotiabank lifted their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Cantor Fitzgerald initiated coverage on Dynatrace in a research note on Friday, January 17th. They issued a “neutral” rating and a $58.00 price objective for the company. UBS Group initiated coverage on Dynatrace in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.24.

Dynatrace Stock Performance

Shares of DT stock opened at $57.82 on Friday. The company has a market cap of $17.26 billion, a P/E ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02. The stock has a 50 day simple moving average of $54.80 and a two-hundred day simple moving average of $52.02. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the period. Virtue Capital Management LLC raised its stake in shares of Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after purchasing an additional 222 shares during the period. Atria Investments Inc raised its stake in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after purchasing an additional 248 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.