Dynatrace, Inc. (NYSE:DT) Receives Average Rating of "Moderate Buy" from Brokerages

Dynatrace, Inc. (NYSE:DT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $63.13.

Several research analysts have issued reports on DT shares. Robert W. Baird set a $65.00 target price on shares of Dynatrace in a report on Friday, January 31st. Morgan Stanley upped their price objective on Dynatrace from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, UBS Group increased their price objective on Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, January 31st.

Dynatrace Stock Performance

Shares of DT traded down $1.75 during trading hours on Friday, hitting $43.31. The company had a trading volume of 2,599,161 shares, compared to its average volume of 3,226,085. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 7.05 and a beta of 1.05. The firm has a fifty day moving average price of $52.98 and a 200-day moving average price of $53.86. Dynatrace has a 52-week low of $39.30 and a 52-week high of $63.00.

Remove Ads

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Dynatrace in the fourth quarter worth about $38,000. Coppell Advisory Solutions LLC boosted its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank increased its stake in Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

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.