Dynatrace (NYSE:DT) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Dynatrace (NYSE:DT) in a research report report published on Thursday morning,Benzinga reports. They currently have a $67.00 price objective on the stock.

A number of other brokerages have also issued reports on DT. UBS Group lifted their price target on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. BTIG Research lifted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital increased their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Truist Financial upped their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Trading Down 0.7 %

DT stock opened at $60.03 on Thursday. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.40. The business’s 50-day moving average is $55.05 and its 200 day moving average is $52.41. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 8.37 and a beta of 1.04.

Insider Buying and Selling at Dynatrace

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Holocene Advisors LP purchased a new stake in Dynatrace during the 3rd quarter worth approximately $126,592,000. Raymond James Financial Inc. purchased a new stake in shares of Dynatrace during the fourth quarter worth $102,209,000. TimesSquare Capital Management LLC acquired a new stake in shares of Dynatrace in the fourth quarter valued at $73,906,000. State Street Corp boosted its holdings in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the period. Finally, Barclays PLC grew its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.