Dynatrace's (DT) Hold Rating Reiterated at Needham & Company LLC

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports.

DT has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. UBS Group lifted their target price on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. BTIG Research lifted their target price 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 target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.04.

Dynatrace Stock Performance

Shares of DT stock traded down $1.45 during trading on Tuesday, hitting $59.79. 2,823,669 shares of the company were exchanged, compared to its average volume of 3,433,855. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. The business's 50-day simple moving average is $56.08 and its 200 day simple moving average is $53.84. Dynatrace has a twelve month low of $39.42 and a twelve month high of $63.00.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction 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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,459 shares of company stock worth $10,052,682 over the last 90 days. Corporate insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Dynatrace

Several institutional investors and hedge funds have recently made changes to their positions in the company. Forum Financial Management LP acquired a new stake in shares of Dynatrace in the 4th quarter valued at $258,000. Toronto Dominion Bank boosted its stake in shares of Dynatrace by 10.0% in the 4th quarter. Toronto Dominion Bank now owns 49,012 shares of the company's stock valued at $2,663,000 after purchasing an additional 4,443 shares in the last quarter. Cache Advisors LLC acquired a new stake in shares of Dynatrace in the 4th quarter valued at $506,000. Public Employees Retirement System of Ohio lifted its position in Dynatrace by 4.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 146,580 shares of the company's stock worth $7,967,000 after buying an additional 5,728 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dynatrace by 53.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,895,262 shares of the company's stock worth $211,707,000 after buying an additional 1,350,794 shares in the last quarter. 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.