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

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports.

A number of other brokerages also recently weighed in on DT. Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Dynatrace Stock Performance

Shares of DT opened at $60.48 on Thursday. The business’s fifty day moving average is $55.05 and its 200-day moving average is $52.41. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 8.37 and a beta of 1.04. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.00.

Insider Activity at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the period. Versant Capital Management Inc raised its stake in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after buying an additional 206 shares in the last quarter. Virtue Capital Management LLC boosted its position in Dynatrace by 4.2% during the third 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 in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Dynatrace by 2.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Dynatrace by 3.4% during the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after acquiring an additional 240 shares in the last quarter. 94.28% of the stock is 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.