Dynatrace (NYSE:DT) Lowered to Neutral Rating by Guggenheim

Guggenheim downgraded shares of Dynatrace (NYSE:DT - Free Report) from a buy rating to a neutral rating in a report published on Monday, Marketbeat Ratings reports.

A number of other research analysts have also recently issued reports on the stock. BTIG Research lifted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on Dynatrace from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday. Scotiabank upped their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. Finally, Loop Capital boosted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Dynatrace Price Performance

DT traded down $1.29 on Monday, hitting $53.52. 3,265,724 shares of the stock were exchanged, compared to its average volume of 2,060,108. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 97.31, a PEG ratio of 8.20 and a beta of 1.02. The business has a 50-day moving average of $54.85 and a two-hundred day moving average of $50.88.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the company'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 value of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,027 shares of company stock worth $3,168,084 in the last 90 days. Corporate insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Dynatrace

Large investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Dynatrace by 11.9% in the 4th quarter. Versant Capital Management Inc now owns 1,933 shares of the company's stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC raised its holdings in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company's stock valued at $282,000 after purchasing an additional 212 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company's stock valued at $385,000 after purchasing an additional 240 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Dynatrace by 2.9% during the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company's stock valued at $470,000 after purchasing an additional 248 shares in the last quarter. Finally, Riverview Trust Co boosted its holdings in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after purchasing an additional 257 shares during 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.