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

Shares of Dynatrace, Inc. (NYSE:DT) have received a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $61.92.

DT has been the topic of several recent research reports. Cantor Fitzgerald began coverage on shares of Dynatrace in a research note on Friday. They issued a “neutral” rating and a $58.00 price objective on the stock. BTIG Research increased their price target on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Finally, Barclays boosted their price target on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th.

Dynatrace Stock Performance

Dynatrace stock opened at $51.31 on Tuesday. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The stock has a fifty day moving average of $54.27 and a 200 day moving average of $51.32. The stock has a market cap of $15.31 billion, a PE ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02.

Insider Transactions at Dynatrace

In related 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 value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of DT. Versant Capital Management Inc raised its position in Dynatrace by 11.9% during the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after buying an additional 206 shares during the last quarter. Virtue Capital Management LLC lifted 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 during the period. Atria Investments Inc boosted its holdings in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the last quarter. Finally, Riverview Trust Co grew its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds 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.