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

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

Other equities analysts have also issued research reports about the company. Wells Fargo & Company decreased their target price on Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday. BMO Capital Markets increased their price target on Dynatrace from $49.00 to $53.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, BNP Paribas initiated coverage on Dynatrace in a report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price objective for the company. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.08.

Dynatrace Trading Down 2.6 %

NYSE:DT traded down $1.43 on Friday, reaching $52.89. 5,098,574 shares of the stock traded hands, compared to its average volume of 3,342,394. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 8.02 and a beta of 1.06. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company's fifty day simple moving average is $52.77 and its 200 day simple moving average is $48.29.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to analysts' expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Equities analysts anticipate that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Activity at Dynatrace

In other news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's 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 transaction, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock valued at $3,397,904. Corporate insiders own 0.59% of the company's stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC bought a new position in Dynatrace during the 1st quarter valued at about $368,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Dynatrace by 106.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,060 shares of the company's stock valued at $281,000 after purchasing an additional 3,123 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company's stock worth $25,000 after buying an additional 230 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Dynatrace by 70.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 47,800 shares of the company's stock worth $2,220,000 after acquiring an additional 19,771 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Dynatrace by 2,740.7% in the 1st quarter. SG Americas Securities LLC now owns 82,864 shares of the company's stock valued at $3,848,000 after purchasing an additional 79,947 shares in the last quarter. Hedge funds and other institutional investors 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.