Dynatrace (NYSE:DT) Receives Hold Rating from Needham & Company LLC

Dynatrace (NYSE:DT)‘s stock had its “hold” rating reissued by equities research analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports.

Several other equities analysts have also weighed in on the stock. BTIG Research increased their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Loop Capital raised their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Scotiabank boosted their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Dynatrace Trading Down 1.7 %

DT stock opened at $61.35 on Tuesday. The business’s 50 day simple moving average is $55.66 and its 200 day simple moving average is $53.45. Dynatrace has a 1-year low of $39.42 and a 1-year high of $63.00. The firm has a market capitalization of $18.36 billion, a PE ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04.

Insider Buying and Selling

In related news, EVP Bernd Greifeneder sold 50,000 shares of the 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,459 shares of company stock worth $5,177,882 in the last 90 days. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of hedge funds have recently made changes to their positions in DT. Vanguard Group Inc. increased its position in Dynatrace by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock valued at $1,639,260,000 after purchasing an additional 484,877 shares during the period. State Street Corp raised its stake in Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the last quarter. Janus Henderson Group PLC boosted its position in Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock valued at $508,811,000 after acquiring an additional 493,987 shares during the last quarter. American Century Companies Inc. grew its holdings in Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after acquiring an additional 700,332 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after acquiring an additional 834,225 shares in the last quarter. 94.28% of the stock is currently owned by 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.