Recent Analysts’ Ratings Changes for Dynatrace (DT)

Dynatrace (NYSE: DT) recently received a number of ratings updates from brokerages and research firms:

• 11/27/2024 – Dynatrace is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $58.00 price target on the stock.
• 11/8/2024 – Dynatrace had its price target raised by analysts at Scotiabank from $55.00 to $62.00. They now have a “sector outperform” rating on the stock.
• 11/8/2024 – Dynatrace had its price target raised by analysts at BMO Capital Markets from $53.00 to $61.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Dynatrace had its price target raised by analysts at Loop Capital from $45.00 to $55.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Dynatrace had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/6/2024 – Dynatrace had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $65.00 price target on the stock.
• 10/30/2024 – Dynatrace had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Dynatrace had its price target raised by analysts at BTIG Research from $57.00 to $63.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Dynatrace had its price target raised by analysts at Jefferies Financial Group Inc. from $60.00 to $65.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Dynatrace is now covered by analysts at Wedbush. They set an “outperform” rating and a $67.00 price target on the stock.
• 10/8/2024 – Dynatrace is now covered by analysts at BNP Paribas. They set a “neutral” rating and a $52.00 price target on the stock.
• 10/7/2024 – Dynatrace was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $64.00 price target on the stock, up previously from $52.00.

Dynatrace Trading Down 0.3 %

NYSE:DT opened at $55.46 on Friday. The firm’s 50 day moving average is $53.72 and its 200 day moving average is $49.10. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock has a market capitalization of $16.55 billion, a PE ratio of 100.84, a price-to-earnings-growth ratio of 8.09 and a beta of 1.06.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock valued at $3,397,904. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Dynatrace during the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new stake in Dynatrace in the 2nd quarter worth approximately $32,000. Riverview Trust Co grew its stake in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. 94.28% of the stock is currently owned by institutional investors.

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.