Dynatrace’s (DT) “Neutral” Rating Reiterated at Guggenheim

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating restated by stock analysts at Guggenheim in a research report issued on Friday,Benzinga reports.

DT has been the subject of a number of other reports. Scotiabank increased their price target on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday. Cantor Fitzgerald began coverage on shares of Dynatrace in a research note on Friday, January 17th. They issued a “neutral” rating and a $58.00 target price for the company. Loop Capital upped their price target on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. BTIG Research upped their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.96.

Dynatrace Stock Performance

Shares of DT traded up $0.49 during mid-day trading on Friday, hitting $58.26. The company’s stock had a trading volume of 406,658 shares, compared to its average volume of 3,567,704. The stock’s 50-day moving average is $54.75 and its two-hundred day moving average is $51.92. The firm has a market capitalization of $17.39 billion, a PE ratio of 105.93, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02. Dynatrace has a one year low of $39.42 and a one year high of $61.41.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several institutional investors have recently modified their holdings of DT. State Street Corp boosted its stake in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after acquiring an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the last quarter. RGM Capital LLC grew its stake in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares during the period. Westfield Capital Management Co. LP increased its holdings in Dynatrace by 31.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in Dynatrace by 23.9% in the third quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after buying an additional 482,017 shares during the period. 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.