Dynatrace’s (DT) Neutral Rating Reiterated at Guggenheim

Guggenheim reaffirmed their neutral rating on shares of Dynatrace (NYSE:DT) in a report issued on Friday,Benzinga reports.

DT has been the topic of a number of other research reports. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Friday. 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 report on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a report on Wednesday, January 29th. Wedbush began coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. Finally, BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Dynatrace Stock Performance

Shares of DT stock opened at $57.82 on Friday. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 105.12, a PEG ratio of 8.34 and a beta of 1.02. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a 50-day simple moving average of $54.80 and a 200 day simple moving average of $52.08.

Insider Activity at Dynatrace

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

Institutional Investors Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently made changes to their positions in DT. AQR Capital Management LLC increased its position in shares of Dynatrace by 91.2% during the second quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock worth $6,593,000 after purchasing an additional 70,642 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Dynatrace by 20.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock valued at $292,000 after acquiring an additional 1,090 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Dynatrace by 3.1% during 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 during the last quarter. Cetera Investment Advisers grew its position in shares of Dynatrace by 7.0% in the second quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock valued at $1,947,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $567,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.