Dynatrace, Inc. (NYSE:DT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dynatrace, Inc. (NYSE:DT) has earned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $61.88.

Several equities analysts recently commented on the stock. Scotiabank upped their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. UBS Group assumed coverage on Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price on the stock. Loop Capital raised their price target on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

Dynatrace Stock Up 0.1 %

NYSE DT opened at $55.10 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 100.18, a PEG ratio of 8.20 and a beta of 1.01. The company has a fifty day moving average of $54.82 and a two-hundred day moving average of $50.37.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in Dynatrace in the second quarter valued at approximately $26,000. Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Paladin Wealth LLC purchased a new stake in Dynatrace during the third quarter worth $38,000. UMB Bank n.a. grew its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Dynatrace in the third quarter valued at $52,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.