Dynatrace (NYSE:DT) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Dynatrace (NYSE:DT) in a report released on Friday morning,RTT News reports. They currently have a $67.00 price objective on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday. BNP Paribas initiated coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of “Moderate Buy” and an average target price of $62.24.

Dynatrace Price Performance

NYSE DT opened at $57.82 on Friday. The company has a market cap of $17.26 billion, a P/E ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02. The stock has a 50-day moving average of $54.80 and a two-hundred day moving average of $52.02. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Activity

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Wednesday, December 4th. The shares were 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 $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in DT. Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. grew its position in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Paladin Wealth LLC purchased a new position in Dynatrace in the third quarter valued at about $38,000. Nisa Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 530 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace during the 3rd quarter worth approximately $52,000. 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.