Guggenheim Reaffirms “Neutral” Rating for Dynatrace (NYSE:DT)

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating reaffirmed by research analysts at Guggenheim in a research note issued on Wednesday,Benzinga reports.

DT has been the topic of several other reports. Cantor Fitzgerald initiated coverage on shares of Dynatrace in a research report on Friday, January 17th. They set a “neutral” rating and a $58.00 price objective on the stock. Royal Bank of Canada upped their price target on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

Dynatrace Price Performance

Shares of DT opened at $54.70 on Wednesday. The company has a 50-day moving average of $54.23 and a two-hundred day moving average of $51.44. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 99.45, a PEG ratio of 7.77 and a beta of 1.02. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently made changes to their positions in the business. Caprock Group LLC acquired a new position in Dynatrace during the 4th quarter valued at $626,000. Swedbank AB raised its position in shares of Dynatrace by 34.3% during the fourth quarter. Swedbank AB now owns 124,726 shares of the company’s stock valued at $6,779,000 after buying an additional 31,864 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Dynatrace by 2.6% in the fourth quarter. Forsta AP Fonden now owns 63,500 shares of the company’s stock valued at $3,451,000 after buying an additional 1,600 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Dynatrace by 336.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 267,816 shares of the company’s stock worth $14,556,000 after buying an additional 206,511 shares in the last quarter. Finally, R Squared Ltd bought a new position in Dynatrace during the fourth quarter valued at about $143,000. 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.