Needham & Company LLC Reaffirms Hold Rating for Dynatrace (NYSE:DT)

Needham & Company LLC reiterated their hold rating on shares of Dynatrace (NYSE:DT) in a research note published on Thursday morning,Benzinga reports.

A number of other research firms have also recently issued reports on DT. Cantor Fitzgerald decreased their price objective on shares of Dynatrace from $58.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. BTIG Research boosted their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Dynatrace Trading Down 0.7 %

DT stock opened at $60.03 on Thursday. The firm’s 50-day moving average price is $55.05 and its two-hundred day moving average price is $52.41. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.40. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 8.37 and a beta of 1.04.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares in the last quarter. Versant Capital Management Inc lifted its position in Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares during the last quarter. Virtue Capital Management LLC lifted its position in Dynatrace by 4.2% during 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. Nations Financial Group Inc. IA ADV lifted its position in Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock valued at $500,000 after purchasing an additional 222 shares during the last quarter. Finally, Atria Investments Inc lifted its position in Dynatrace by 3.4% during 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. 94.28% of the stock is owned by hedge funds and other 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.