Dynatrace (NYSE:DT) Earns “Buy” Rating from Rosenblatt Securities

Dynatrace (NYSE:DT)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $65.00 price objective on the stock. Rosenblatt Securities’ price target points to a potential upside of 12.51% from the company’s current price.

Other research analysts have also issued reports about the company. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price on the stock. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Wedbush started coverage on shares of Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $61.68.

Dynatrace Price Performance

DT opened at $57.77 on Wednesday. The firm has a market capitalization of $17.24 billion, a PE ratio of 105.04, a price-to-earnings-growth ratio of 7.94 and a beta of 1.02. The business’s 50-day moving average is $54.65 and its two-hundred day moving average is $51.88. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of Dynatrace by 91.2% in the second quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock worth $6,593,000 after buying an additional 70,642 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Dynatrace in the 2nd quarter valued at about $830,000. Northwestern Mutual Wealth Management Co. lifted its stake in Dynatrace by 20.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock worth $292,000 after purchasing an additional 1,090 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Dynatrace by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after purchasing an additional 266 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Dynatrace by 7.0% during the 2nd quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock worth $1,947,000 after purchasing an additional 2,843 shares during the last quarter. 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.