Dynatrace’s (DT) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Dynatrace (NYSE:DT) in a report issued on Friday morning,Benzinga reports.

DT has been the topic of several other reports. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. BNP Paribas initiated coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Wedbush started coverage on Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. BMO Capital Markets boosted their price target 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Stock Performance

Shares of NYSE DT opened at $57.82 on Friday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm’s 50-day simple moving average is $54.80 and its 200 day simple moving average is $52.08. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares during the period. Paladin Wealth LLC purchased a new position in shares of Dynatrace during the 3rd quarter worth $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Dynatrace during the 3rd quarter valued at approximately $52,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.