UBS Group Begins Coverage on Dynatrace (NYSE:DT)

Research analysts at UBS Group started coverage on shares of Dynatrace (NYSE:DT) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $58.00 price target on the stock. UBS Group’s price objective would suggest a potential upside of 4.58% from the company’s previous close.

Other analysts also recently issued research reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Wedbush assumed coverage on shares of Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Friday, November 8th. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Finally, Loop Capital upped 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. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.36.

Dynatrace Stock Down 0.3 %

Shares of Dynatrace stock opened at $55.46 on Wednesday. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The business has a 50-day moving average price of $53.72 and a 200-day moving average price of $49.10. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 100.84, a PEG 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 the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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.

Hedge Funds Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of DT. Versant Capital Management Inc raised its holdings in 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 in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace during the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Dynatrace in the second quarter valued at approximately $32,000. Riverview Trust Co grew its holdings in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $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 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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.