Dynatrace (NYSE:DT) Stock Rating Lowered by Guggenheim

Dynatrace (NYSE:DT) was downgraded by equities researchers at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

Several other research firms also recently issued reports on DT. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. Wedbush initiated coverage on shares of Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective for the company. BNP Paribas started coverage on shares of Dynatrace in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Trading Down 2.5 %

DT stock opened at $52.19 on Monday. The firm has a market cap of $15.58 billion, a PE ratio of 94.89, a PEG ratio of 8.20 and a beta of 1.02. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a fifty day simple moving average of $54.79 and a 200 day simple moving average of $50.94.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 55,027 shares of company stock valued at $3,168,084 in the last three months. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its position in shares of Dynatrace by 39.2% in the 2nd quarter. CIBC Asset Management Inc now owns 9,930 shares of the company’s stock worth $444,000 after purchasing an additional 2,796 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Dynatrace in the 2nd quarter valued at about $26,000. Acadian Asset Management LLC acquired a new stake in shares of Dynatrace in the 2nd quarter valued at approximately $382,000. United Services Automobile Association grew its holdings in Dynatrace by 2.7% during the second quarter. United Services Automobile Association now owns 18,707 shares of the company’s stock valued at $837,000 after purchasing an additional 493 shares during the period. Finally, Van Berkom & Associates Inc. bought a new stake in Dynatrace in the second quarter valued at approximately $1,246,000. 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.