Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dynatrace, Inc. (NYSE:DT) have been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $61.36.

Several equities analysts have issued reports on the stock. Loop Capital upped their price target 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. BTIG Research lifted their target price on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group increased their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank lifted their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th.

Dynatrace Trading Up 1.3 %

Shares of Dynatrace stock opened at $56.19 on Monday. The firm has a market capitalization of $16.77 billion, a PE ratio of 102.16, a price-to-earnings-growth ratio of 8.21 and a beta of 1.06. The firm’s 50 day moving average is $53.82 and its 200 day moving average is $49.20. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.

Insider Buying and Selling

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction 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. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 in the last quarter. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently added to or reduced their stakes in DT. State Street Corp grew its holdings in shares of 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 acquiring an additional 1,207,621 shares in the last quarter. American Century Companies Inc. boosted its position in Dynatrace by 13.2% in the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after purchasing an additional 782,588 shares during the last quarter. Geode Capital Management LLC grew its stake in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after purchasing an additional 884,673 shares during the period. RGM Capital LLC increased its position in shares of Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the last quarter. Finally, Eminence Capital LP bought a new stake in shares of Dynatrace during the 2nd quarter worth $158,369,000. 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.