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

Shares of Dynatrace, Inc. (NYSE:DT) have been given a consensus rating of “Moderate Buy” by the twenty-four brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $63.25.

Several equities analysts have recently commented on the stock. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. UBS Group boosted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $65.00 target price on shares of Dynatrace in a research note on Friday, January 31st.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock worth $7,159,599. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dynatrace during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC raised its position in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after buying an additional 669 shares during the last quarter. Finally, Huntington National Bank raised its position in Dynatrace by 218.0% during the 4th quarter. Huntington National Bank now owns 884 shares of the company’s stock worth $48,000 after buying an additional 606 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

DT stock opened at $49.37 on Wednesday. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The company’s fifty day moving average price is $56.22 and its 200-day moving average price is $54.52. The company has a market capitalization of $14.78 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12.

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.