Dynatrace’s (DT) “Neutral” Rating Reaffirmed at Guggenheim

Guggenheim reiterated their neutral rating on shares of Dynatrace (NYSE:DT) in a report published on Friday,Benzinga reports.

Several other equities analysts have also recently weighed in on DT. Jefferies Financial Group raised their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price target on shares of Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Friday. Cantor Fitzgerald assumed coverage on shares of Dynatrace in a research note on Friday, January 17th. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, Scotiabank boosted their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.24.

Dynatrace Stock Up 0.1 %

DT stock opened at $57.82 on Friday. The firm has a market capitalization of $17.26 billion, a PE ratio of 105.12, a P/E/G ratio of 8.34 and a beta of 1.02. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The stock’s 50 day moving average is $54.80 and its 200-day moving average is $52.02.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DT. Riverview Trust Co increased its position in shares of Dynatrace by 70.6% in 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. Paladin Wealth LLC purchased a new position in Dynatrace in the 3rd quarter worth approximately $38,000. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% in the 3rd 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 last quarter. Nisa Investment Advisors LLC raised 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 buying an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the 3rd quarter worth $52,000. 94.28% of the stock is currently 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.